A Regulation on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances, due for completion according to the EU ETSi Directive by the end of June 2010, will not be finalised until autumn 2010. The Regulation, which is being decided through the EU’s comitology procedure, must still undergo a three-month scrutiny period by the European Parliament. The Draft Regulation shows that the European Commission wants tough controls on national carbon auctioning platforms, despite Member State opposition. These controls would enable the Commission to propose suspending national auctioning schemes if they breach EU ETS auctioning rules. Sanctions would have to be approved through comitology, and allowances would then be auctioned through an EU platform.
Member States are scheduled to vote on these draft auctioning proposals on 14 July.
The proposed auctioning regulation can be found here:
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