| Title: | Proposed UK auction design for use in the EU Emissions Trading Scheme Phase II |
| Author: | Defra |
| Issued: | Wed 16 January 2008 |
| Deadline: | 14 March 2008 |
| Status: | CLOSED Consultation is closed for comments |
| Synopsis: | This consultation is on Government’s 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. |
The IEMA is not planning to provide a response to this consultation. However, we are signposting it ot our Members for interest. If you wish to provide a repsonse, please follow the instructions on Defra's website:
http://www.defra.gov.uk/corporate/consult/euets-phase2auction/index.htm
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. There are 28 questions asked in the consultation document