Tag Archive for 'backloading'

Latvian EU Presidency: Council and Parliament Negotiators Agree to Start EU ETS Market Stability Reserve in 2019

Council and European Parliament representatives reached an agreement in principle on the decision concerning the establishment and operation of a market stability reserve (MSR) for the European Emission Trading System (EU ETS), the Latvian Presidency informed. MSR shall start in 2019 and correct supply-demand imbalances due to an surplus of emissions allowances in the EU ETS of about 2.1 billion allowances.

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EU ETS – Environment Minister Hendricks Calls for Faster Reform

The representatives of the Permanent Representatives Committee (Coreper) adopted a negotiation mandate for reforming the European Emission Trading Scheme (EU ETS) paving the way for a trilogue between the Latvian Presidency, the EU Parliament and the Commission, German Environment Minister Barbara Hendricks informed. She welcomed part of the compromise but demanded a faster pace.

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EU Environment Committee Votes in Favour of ETS Market Reserve, Advocates Early Start and Inclusion of “Back-loaded” Allowances

The Environment Committee of the European Parliament has voted in favor of a draft law proposing to reform the EU Emissions Trading Scheme (ETS) by reducing the surplus of emission allowances available for trading in order to support the price. They advocated introducing the mechanism early, by the end of 2018, and also proposed preventing the automatic return to the market of a portion of allowances “back loaded” (withheld from the scheme) last year in a separate vote.

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Start of Backloading of Emission Allowances – Fewer Allowances Auctioned

The amount of emission allowances auctioned under the EU emissions trading scheme (EU ETS) has been reduced by 400 million for 2014. The measure is part of a so-called back-loading scheme that postpones the auctioning of 900 million allowances in total in the period from 2014 to 2016 to 2019 and 2020 to allow demand for allowances to pick up and provide greater incentive to invest in greenhouse gas emission reductions. Auctioning of the reduced volume has begun at the European Energy Exchange (EEX). German auctioning volume now amounts to only 127.1 million instead of 205 million allowances, the Federal Ministry for the Environment informed.

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