The European Commission adopted a delegated regulation establishing a new Auctioning Regulation, following a revision of the Emissions Trading System (ETS) Directive related to the Fit for 55 legislative package and REPowerEU plan.
EC said in a statement that the Auctioning Regulation continues to set out the technical elements necessary for the good organization of EU ETS auctions, such as the format, timing, frequency of auctions, rules about the auction calendars, eligibility of bidders to participate in auctions, rules on the selection and responsibilities of auction platforms, as well as on market oversight and transparency.
The new regulation will see changes related to the extension of the scope of the Emissions Trading System (ETS) to cover maritime, which includes the reevaluation of the eligibility criteria for admission to auctions of shipping companies. The scope has also been extended to include the auctioning of allowances for a new and separate ETS for buildings, road transport and other sectors.
