Tag Archives: Phase 3

Catch 22

Wikipedia tells us that the novel, Catch 22, is a general critique of bureaucratic operation and reasoning. We can only speculate about what Joseph Heller would have made of the bureaucratic operation and reasoning of the EU ETS. However for … Continue reading

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Hoarding EUAs

An industrial company holds around 8 million EUA allowances left over from Phase 2.  It projects that it will take four or five years to use them up.  The allowances are worth over thirty million euro. The same company holds … Continue reading

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Allocation, caps and other mysteries.

While we are having a little break in the back-loading theatre and the European Commission is enjoying its summer cocktail parties, everyone’s eyes are turning to the allocation. There are two questions: when will it happen and how big it … Continue reading

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CER and ERU eligibility in Phase 3 – not so easy

In Phase 3 you don’t comply by surrendering CERs and ERUs.  Rather, you submit CERs and ERUs for exchange into Phase 3 EUAs. However, there are limits on which CERs and ERUs are eligible for exchange into EUAs.  The rules … Continue reading

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The list of conferences about emissions trading is this year very busy: Installations are getting ready for Phase 3

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