Reduction in free allowances for phase 3 of the EU ETS

17 September 2013 - Carbon Trends

Forthcoming free allowance allocations: the European Commission will allocate 6.6 billion EUA for free to industrial installations, which is 11.5% less than what was initially demanded by Member states.

The EUA price stabilised between €4 and €5: despite the uncertainty surrounding the political issue of “backloading”, the EUA price remained just below the €5 per tonne barrier due to the low level of allowances auctioned in August.

Low trading levels: 342 million EUAs were traded in August, i.e. the lowest level since January 2011, while only 3.1 million ERUs and 22.3 million CERs were traded.

Reduction in free allowances for phase 3 of the EU ETS Download

To learn more

02/26/2026
Unlocking Capital for Climate Adaptation: how financing costs exacerbate needs, and ways to address them in EMDEs

Adaptation needs in emerging markets and developing economies (EMDEs) are rising rapidly, yet current financing assessments systematically underestimate the scale of the challenge. This paper calls for a shift from headline finance targets towards strategies that fully integrate cost of capital considerations, combining concessional finance, revenue mobilisation, and structural reforms to unlock durable and scalable investment in climate adaptation in EMDEs.
02/25/2026
Adapting France to +4°C: current resources, additional needs, and funding options

This report, originally published in French in September 2025, is first a contribution to the public debate on adaptation in France. The methodologies applied, the data collection process, as well as the analytical framework proposed, may inform broader discussions in Europe, as the preparations for an EU integrated framework for European climate resilience and risk management are well underway.
02/24/2026 Op-ed
EU Member States set 2040 climate target – but is the Union on track for 2030 in the energy sector?

An outlook on EU investment needs for the energy transition and the EU’s 2040 climate target. Just before the start of COP30 in Belém, EU Member States agreed to reduce net greenhouse gas emissions by 90% in 2040 compared to 1990 levels, including a 5% flexibility through international carbon credits.

Reduction in free allowances for phase 3 of the EU ETS

Unlocking Capital for Climate Adaptation: how financing costs exacerbate needs, and ways to address them in EMDEs

Adapting France to +4°C: current resources, additional needs, and funding options

EU Member States set 2040 climate target – but is the Union on track for 2030 in the energy sector?