EU Climate Change Committee agrees back-loading

The EU Climate Change Committee today discussed and agreed the draft amendment of the EU ETS Auctioning Regulation on back-loading. The Committee, in which all Member States are represented, endorsed the European Commission's proposal of making the back-loading volume for 2014 dependent on the quarter in which back-loading implementation starts. This means that if the auction calendars can still be adapted by end-March, a total of 400 million allowances will be back-loaded for 2014. This amount...