Germany plans to hand out 1.4bn free EUAs in phase III
German installations covered by the EU emissions trading system could be awarded 1.4bn EU allowances (EUAs) for free between 2013 and 2020, according the country's draft National Implementation Measures (NIMs) plan.
The German carbon registry DEHSt published the provisional list on Friday, saying that the country had submitted its NIMs plan to the European Commission on 7 May.
A total of 1,814 installations are covered by the plan. Germany's preliminary free allocation figure is worth around €93.1bn, according to ICIS's latest assessments of the current spot price for EUAs. The spot phase II EUA price closed at €6.65/tonnes of CO2 equivalent on Thursday.
Germany - Europe's largest emitter - had previously said that it will only finalise how many free allowances the country's industrial installations will receive under the NIMs as the current phase draws to a close.
This latest submission means that now almost all NIMs have been submitted, giving installations a fuller indication about the planned allocation for phase III.
Member states' NIMs plans detail the number of free carbon allowances domestic industrial companies and heat producers will receive under the EU ETS phase III (2013-2020), while installations will have to buy carbon credits from the market to cover any shortfalls.
The Commission will have to review member states' NIMs before a final allocation figure can be agreed. MLDB
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