Connie Hedegaard: "Eerste EU-jaarverslag over emissiehandel moet focussen op tijdstip veiling" (en) - Hoofdinhoud

At the informal meeting of Environment and Climate ministers in Horsens (Denmark), Commissioner Hedegaard participated in the lunch discussion on the future of the EU Emissions Trading System.

On the state of the European carbon market Commissioner Hedegaard said:

"We are now approaching rapidly the start of the third phase of the European carbon market. Major changes will apply as of next year to the regulatory underpinning of the EU ETS. 2012 marks the final preparations for the transition to the new rules. Our regulatory work over several years has aimed for a smooth transition into phase 3. Difficult and unexpected macroeconomic circumstances arising from the economic and debt crisis complicate this aim, as they have substantially altered the supply-demand balance in the European carbon market for the early years of phase 3. I have therefore asked DG Climate Action to prepare the first annual report on the ETS. This report is foreseen by the ETS Directive in 2013, but I have asked it to be prepared already now. This offers an opportunity to include a review of the auction time profile. Based on this annual report, I will consider bringing forward a proposal to the Climate Change Committee for decision this year."

Read more:

EU ETS:

http://ec.europa.eu/clima/policies/ets/index_en.htm

Directive 2009/29/EC to improve and extend the greenhouse gas emission allowance trading scheme:

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:32009L0029:EN:NOT