Commission to hold back 900m ETS credits
The figure is the middle option of the three choices outlined by the Commission in July.
Appeared in print on 15.11.2012
The European Commission proposed yesterday (14 November) to delay the auctioning of 900 million carbon credits in the next phase of the EU’s emissions trading scheme (ETS). The goal is to raise the flagging price of carbon in the market. The credits would be held back from auctioning in the 2013-15 period, and put back into the system in 2019-20.