Germany's transitional carbon emissions auction platform on track
Germany has passed another regulatory hurdle in the process of setting up a transitional auction platform on which it hopes to begin selling phase III EU carbon emissions allowances (EUAs) this year.
The transitional platform for Europe's biggest emitting country is expected to sell 23.5m allowances in 16 months from the second half of 2012.
On Wednesday, the EU's climate change committee approved Germany's choice of auctioning platform to be used after it opts out of the common EU auction platform for phase III (2013-2020).
The details of Germany's decision to appoint its EEX exchange as the host of its transitional auction platform will now be submitted by the European Commission to the European Parliament and to member states for approval (see EDCM 29 February 2012).
If the plan raises no objections within three months, the Commission will publish and adopt the relevant amendment to the auctioning rules, it said on Wednesday.
In related EUA developments, the UK has appointed London-based exchange ICE Futures Europe to host its auction platform and Poland has also opted out of participating in the common EU auction platform for phase III (see EDCM 23 April 2012). VF
Other Related Stories