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Carbon emissions trading suspended at start of June for over a fortnight

03 May 2012 14:15:50 | edcm

The European Commission will suspend all emissions trading for a fortnight, starting on 3 June, according to a timetable to launch its shared carbon registry published on Thursday.

Trading will resume on 20 June, when the new shared registry will be fully activated.

On 14 May at 10:00 Central European Time, accounts will be frozen for national registries and the single EU registry.

"Account holders will not be able to open or close accounts or to modify account and account representative details," a statement on the Commission's website said on Thursday.

Nearly three weeks later, on 3 June at 10:00, the operation of all European emissions registries will be suspended, making them and the EU allowances (EUAs) in them inaccessible.

Finally, the published timeline said the Commission will activate the single EU registry on 20 June at 12:00.

"Users of existing national registries will be able to use the single registry as soon as they receive their new authentication credentials from their national administrator," the Commission said. MLDB

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