Posted on June, 21 2012

This briefing summarises the findings of a recent report on the functioning of the EU ETS, developed by the Öko-Institut2 . It also puts forward a set of policy recommendations by Greenpeace and WWF for the upcoming first annual EU ETS report and necessary amendments to the Auctioning Regulation.

In July 2012, the European Commission is expected to publish its first annual report on the EU’s Emissions Trading Scheme (EU ETS), assessing the current functioning of the EU ETS and presenting emergency measures and structural adjustments to strengthen it.

Greenpeace and WWF also anticipate that the European Commission will propose an amendment to the Auctioning Regulation1 in order to review the auction time profile, i.e. an adjustment to the timing and volumes of auctioned emission allowances.