Memo: Commissioner Hedegaard’s statement on vote by the European Parliament on the backloading proposal

On 16 April 2013, the European Parliament voted against in its plenary session on a draft change to the EU's emissions trading system (ETS).

The European Commission had proposed to postpone (back-load) the auctioning of 900 million EU ETS allowances from the years 2013-2015 until 2019-2020. This measure was designed to rebalance supply and demand and to reduce price volatility without any significant impacts on competitiveness.

ESO: Background Information: Six EU climate ministers, including Germany's, support backloading of ETS allowances http://www.europeansources.info/record/six-eu-climate-ministers-including-germanys-support-backloading-of-ets-allowances/

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