Consultations & legislation
Regulating auctions of EU emissions allowances
Issued: 18 July 2011
Open date: 18 July 2011
Close date: 22 August 2011
Background
The Government today publishes an informal consultation on regulating auctions of EU emissions allowances.
The UK currently auctions EU emissions allowances through the Debt Management Office. Changes to the EU ETS from 2013 mean that national auctions must take place on regulated markets, rather than by government agencies.
Consultation
This informal consultation document and the changes it proposes will ensure that the necessary regulatory framework is in place to enable UK Regulated Investment Exchanges (RIEs) to auction EU Emissions Trading System (EU ETS) carbon allowances from 2013 on behalf of EU Member States.
This document sets out the rationale for amendments proposed to existing legislation on financial services and draft regulations to enable EU emissions allowances to be auctioned on a regulated market.
Informal consultation document
This consultation document is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website.
For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
Related links
- EU Auctioning Regulations for phase III of the EU ETS (external site, PDF document opens in a new window)
- The Department for Energy and Climate Change EU ETS webpage (external site, opens in a new window)
- Debt Management Office EU ETS webpage (external site, opens in a new window)
Contact details
Representations by email are preferable, and should be sent to:
4/10 HM Treasury
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