EC clarifying provisions on the timing of auctions of greenhouse gas allowances - Main contents

Please note

This page contains a limited version of this dossier in the EU Monitor.

dossier	COM(2012)416 - Amendment of Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances.
document	COM(2012)416
date	December 17, 2013

table>(1)Article 10(4) of Directive 2003/87/EC of the European Parliament and of the Council (3) does not specify how volumes of greenhouse gas emission allowances to be auctioned are to be distributed over the trading period.

(2)	For the purposes of legal certainty and market predictability, it should be clarified that, in order to ensure the orderly functioning of the market, the Commission is able in exceptional circumstances to adapt the auction timetable pursuant to Article 10(4) of Directive 2003/87/EC.

(3)	Directive 2003/87/EC should therefore be amended accordingly,