This DEFRA consultation is on Government’s proposed type, form and process for the auction or sale of EU allowances (EUAs) during Phase II. The proposed allocation method already takes account of views expressed during the UK’s March 2005 consultation on allocation of surplus Phase I allowances and the input of an Auctioning Working Group, a small stakeholder group set up to provide views to Government on auction design.

In proposing the design, Government has taken account of the overriding aim of the Emissions Trading Directive: the reduction of emissions. The objective for the auction or sale of the allowances is to allocate allowances in a simple, transparent way to those who value them most highly whilst achieving good value for the taxpayer, by optimising Government revenue and avoiding damage to confidence in the EU ETS market system. It will also be important that auctions and sales remain within the rules of European Union state aid and internal market regulation.

The consultation will close on Friday, 14 March 2008.

Further information about the consultation is available from:
http://www.defra.gov.uk/environment/waste/topics/batteries/batteries-implement.htm

Source: www.defra.gov.uk (accessed 02/01/08)

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