Noticias de la Cámara
The UK ETS Auction Calendar 2024
09/10/2023
The UK ETS Auction Calendar for 2024 has now been published on ICE Futures Europe and is available here.
In line with amendments to the UK ETS cap, as part of the UK’s net zero strategy announced in July this year, the 2024 UKA auction calendar will limit the number of carbon allowances for companies to buy in 2024 to the lowest ever level, at 69 million. By 2027, this will fall to around 44 million, en-route to 24 million by 2030, which is the end of Phase 1 of the UK ETS.
To ease the transition to a net zero cap and prevent a sudden drop in supply, a proportion of the allowances that went unused between 2021-23 have been added to the 2024 auction volumes. The remainder will be added to auctions until 2027.
In addition to the auction calendar, the UK government reaffirmed plans to look into other measures for the future of the carbon allowances market, including “examining the merits of a supply adjustment mechanism”, similar to the MSR employed in the EU ETS.
