Memo: Emissions trading: Member States agree to auction 120 million phase 3 allowances in 2012

EU Member States have agreed to the European Commission's proposal to auction 120 million emission allowances for phase 3 of the Emissions Trading System in 2012, the year before phase 3 starts.

Meeting in the EU Climate Change Committee (CCC), Member States also made substantial progress towards finalising two draft Agreements concerning procurement procedures for the single auction monitor and the common auction platform.

• Primary Source

European Commission: Speech/11/527: Connie Hedegaard: EU ETS: Our central tool to reduce emissions http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/11/527&format=HTML&aged=0&language=EN&guiLanguage=en

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