Methodological Design and Institutional Arrangements for Auctions in the EU Emission Trading System (EU-ETS): Environmental Research of the German Federal Ministry of the Environment, Nature Conservation and Nuclear Safety ; Project-No. (FKZ) 3707 41 501 ; Report-No. (UBA-FB) 001272E

Monographien/ Sammelwerke extern , 62 S.

Joachim Schleich, Barbara Breitschopf, Jochen Diekmann

Dessau-Roßlau: Umweltbundesamt, 2009, 62 S.
(Climate Change ; 06/2009)

Abstract

In Germany, emission allowances (European Union Allowances, EUAs) for the first trading period (2005-2007) were allocated completely free of charge. In the second trading period (2008-2012) annual volumes of 40 million EUAs will be sold (Article 19 ZuG (Zuteilungsgesetz – The German Allocation Act) 2012). After an initial phase during which EUAs have been sold by the state-owned bank KfW Bankengruppe on different stock exchanges, allowance auctioning should be conducted from 2010 at the latest.