Member States approve listing of the UK’s phase 3 auction platform

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The Committee sponsored an modification to the Regulation to checklist in its Annex the definitive auction platform that the UK intends to nominate for the auctioning of its percentage of the quantity of allowances to be auctioned. Following a procurement process, the UK decided on ICE Futures Europe (ICE) and notified the Commission of the detailed provisions on the deliberate behavior of the auctions. The Commission has discovered the proposed appointment appropriate with the necessities of the Auctioning Regulation and the targets of the ETS Directive.

The UK’s opt-out platform is the 2d to be indexed below the Auctioning Regulation. Germany’s transitional opt-out platform was once approved by means of the Committee in April this 12 months.

The Commission will now put up this newest draft modification to the European Parliament and the Council for his or her scrutiny. Provided that they elevate no objections inside of 3 months, the Commission will undertake and put up the modification, and then it is going to input into pressure.

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