“First annual report on the EU ETS to focus on timing of auctions”

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Commissioner Hedegaard made the following observation on the state of the European carbon marketplace:

“We at the moment are all of a sudden coming near the get started of the 3rd segment of the European carbon marketplace. Major adjustments will observe as of subsequent yr to the regulatory underpinning of the EU ETS. 2012 marks the ultimate arrangements for the transition to the new regulations. Our regulatory paintings over a number of years has aimed for a clean transition into segment 3. Difficult and sudden macroeconomic cases coming up from the financial and debt disaster complicate this intention, as they have got considerably altered the supply-demand stability in the European carbon marketplace for the early years of segment 3. I’ve subsequently requested my products and services in DG Climate Action to deliver ahead the first annual report on the ETS. This report is envisaged via the ETS Directive in 2013, the first yr of segment 3, however I’ve requested for it to be ready already now. This provides a possibility to come with a overview of the public sale time profile. Based on this annual report, I will be able to imagine bringing ahead a suggestion to the Climate Change Committee for resolution this yr.”

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