CAN Europe made a submission on the European Commission’s Consultation on the review of the ETS auctioning time profile.
CAN Europe welcomes the Commission initiative to address the problem of the growing imbalance between supply and demand of allowances in the EU ETS. Nevertheless, delaying auctioning of a certain quantity of allowances, combined with their reintroduction onto the market in the last years of Phase III (201382020), is alone not enough to ensure that the EU ETS is on track to deliver on its principal objectives. These objectives include guaranteeing cost-efficient achievement of the EU’s climate targets in both short and long term perspectives and accelerating a low-carbon transition by influencing operational investment decisions.
Download CAN Europe’s EU Commission submission to ETS consultation (Oct 2012)