Commission launches consultation on draft ETS2 auctioning regulation
The European Commission has published a draft delegated regulation revising Commission Delegated Regulation (EU) 2023/2830 to update the timing, administration and operational rules for auctioning allowances under the new emissions trading system for buildings, road transport and other sectors (ETS2). Acting under Directive 2003/87/EC, the Commission proposes changes to support a stable launch of ETS2 by allowing early auctioning, preventing auction cancellations and avoiding unrepresentative clearing prices. The draft aligns the volume and timing of auctions with each Member State’s transposition of surrender and penalty obligations, ensuring that allowances are only auctioned once national legislation is in force. It also updates rules for distributing annual auction volumes, including those linked to the Social Climate Fund, and sets procedures for later releasing any volumes withheld due to delayed national implementation.