EU ETS and Kyoto credits: from an efficient use to a burst bubble
Backloading: the EU Parliament and the Council adopted the backloading proposal,
respectively, on 10th December and 16th December. On 8th January, Member states agreed on rules to remove up to 900 million permits from 2014-2016.
Free allocations: on 18th December, the EU Commission adopted a first commission
decision on free allocation of emission allowances by Member States for phase III. 23% of 2013 free allowances have been allocated.
2030 target: The EU Commission will publish on 22nd January a paper which should include and emission reduction goal for 2030 and a section on the structural reform of the EU ETS.