Consultation on Proposed UK auction design for use in the EU Emissions Trading Scheme Phase II
The Government has consulted on the proposed type, form and process for the auction or sale of EU allowances (EUAs) during Phase II. The proposed allocation method already takes account of views expressed during the UK’s March 2005 consultation on allocation of surplus Phase I allowances and the input of an Auctioning Working Group, a small stakeholder group set up to provide views to Government on auction design.
In proposing the design, Government has taken account of the overriding aim of the Emissions Trading Directive: the reduction of emissions. The objective for the auction or sale of the allowances is to allocate allowances in a simple, transparent way to those who value them most highly whilst achieving good value for the taxpayer, by optimising Government revenue and avoiding damage to confidence in the EU ETS market system. It will also be important that auctions and sales remain within the rules of European Union state aid and internal market regulation.
The consultation closed on 14 March 2008 and the Government published its response on 9 June 2008.
- Consultation letter
- List of consultees
- Consultation document (PDF 250 KB) (updated version published 3 January 2008)
- Impact assessment (PDF 200 KB)
- Summary of consultation responses and Government's response (PDF 140 KB)
Further information
Page last modified: 9 June 2008
Page published: 21 December 2007