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 pdf
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