| Author (Corporate) | European Court of Auditors |
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| Publisher | Publications Office of the European Union |
| Series Title | ECA Special Reports |
| Series Details | 18/2020, Number 18 |
| Publication Date | September 2020 |
| ISBN | 978-92-847-5050-4 |
| ISSN | 1977-5679 |
| EC | QJ-AB-20-016-EN-N |
| Content Type | Report |
Summary:The reduction of greenhouse gas emissions is one of the main challenges of our times. Under the EU Emissions Trading System, companies need to obtain emission allowances covering their carbon emissions. Free allocation is set as a transitional method of allocating allowances in contrast to the default method (auctioning). However, for both phase 3 and 4 of the EU ETS, allowances allocated for free continue to represent more than 40 % of the total number of available allowances. We found that there is limited targeting of the free allocation of allowances. We make recommendations to the Commission on better targeting as well as better addressing technical challenges when revising the methodology for the free allocation of allowances. |
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| Source Link |
Link to Main Source
https://www.eca.europa.eu/en/Pages/DocItem.aspx?did=54392
Alternative sources
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| Subject Categories | Environment, Trade |
| Keywords | Emissions Trading System | EU ETS Scheme |
| International Organisations | European Union [EU] |
