Auctioning of allowances in the EU ETS
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During the third phase of the EU ETS (2013-2020), all allowances not allocated for free will be auctioned. It is estimated that approximately 50% of allowances will be auctioned during the third phase.
The auctioning of allowances in the third phase and beyond is governed by the Auctioning Regulation specifying the timing, administration and other aspects of how the auction will take place.
The auction process must be transparent, harmonized and non-discriminatory. Each auction must respect the internal market rules and must therefore be open to all potential buyers on non-discriminatory terms.