Press Release: Emissions trading: public consultation on future EU ETS auctioning rules launched

A public consultation on rules to govern the future auctioning of emission allowances under the EU Emissions Trading System (EU ETS) was launched by consultants working for the European Commission. The consultation formed part of the Commission's preparation of a Regulation on auctioning of allowances with respect to the third and later trading periods. In accordance with the revision of the Emissions Trading Directive agreed as part of the EU climate and energy package in December last year, the Commission has to adopt a Regulation by 30 June 2010 to ensure that auctioning is conducted in an open, transparent, harmonised and non-discriminatory manner.