The European Commission has adopted a new Auctioning Regulation following the revision of the ETS Directive in the context of the Fit for 55 legislative package and REPowerEU plan.
The new Auctioning Regulation includes changes in the scope of the ETS to cover the maritime sector (including the eligibility criteria for admission to auctions of shipping companies) and to cover the auctioning of allowances for a new and separate emissions trading system for buildings, road transport and other sectors. It also includes updates to the auctioning of aviation auction volumes, the auctioning of allowances for the Innovation Fund, and the introduction of new provisions for the auctioning of allowances for the Recovery and Resilience Facility in the context of REPowerEU and for the Social Climate Fund.
The adopted regulation will now be submitted to the European Parliament and Council for consultation and if agreed, it will be published in the Official Journal within two months.
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