EU Emissions Trading Scheme: Back-Loading Regulation adopted by the European Commission, published in the OJEU

The European Commission has adopted on 25 February 2014 Commission Regulation (EU) 176/2014 which allows for back-loading the EU ETS by amending Regulation (EU) No 1031/2010 on the timing, administration and other aspects of auctioning of greenhouse gas (GHG) emission  allowances pursuant to the EU ETS Directive 2003/87/EC. The full text of the amending Regulation has been published in the Official Journal of the EU on 26 February 2014 and is available here. The regulation enters into for on 27 February 2014, is entirely binding and directly applicable in all Member States.

 

The calendar for back-loading of the EU ETS is put in Annex IV to the Regulation "Adjustments to the volumes of allowances (in million) to be auctioned in 2013-2020 ..."

 

                                2013   2014    2015     2016    2017   2018  2019  2020

 

Volume of reduction:             400      300       200

 

Volume of increase:                                                                    300     600

 

 

This follows up the non-opposition, i.e. approval, by the Council and, before that, the Parliament. See previous post on this blog here.

 

Reference: Commission Regulation (EU) No 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allownces to be auctioned in 2013-20 (OJEU L 56 og 26.02.2014, p.11.