Closed consultation

Regulating auctions of EU emissions allowances

• From: HM Treasury
• Published: 18 July 2011

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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Summary

Seeking views on amendments proposed to existing legislation on financial services to enable EU emissions allowances to be auctioned.

This consultation ran from
18 July 2011 to 11:45pm on 22 August 2011

Consultation description

The UK currently auctions EU emissions allowances through the Debt Management Office. Changes to the EU ETS from 2013 mean that national auctions must take place on regulated markets, rather than by government agencies.

The changes proposed will ensure that the necessary regulatory framework is in place to enable UK Regulated Investment Exchanges (RIEs) to auction EU Emissions Trading System (EU ETS) carbon allowances from 2013 on behalf of EU Member States.

It sets out the rationale for amendments proposed to existing legislation on financial services and draft regulations to enable EU emissions allowances to be auctioned on a regulated market.

Related links

• EU Auctioning Regulations for phase III of the EU ETS (external site, PDF document opens in a new window)
• The Department for Energy and Climate Change EU ETS webpage (external site, opens in a new window)
• Debt Management Office EU ETS webpage (external site, opens in a new window)

Documents

Regulating auctions of EU emissions allowances (PDF 314KB)

PDF, 310 KB, 40 pages

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Published 18 July 2011