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ETS Market Stability Reserve to Reduce Auction Volumes By 267mn

EMISSIONS

The European Commission announced the TNAC on the European carbon market on 1 June, reducing the auction volume by 267 million between Sept 24 and Aug 25 according to a statement.

  • The 2023 TNAC stood at 1,1111,736, 535.
  • A total of 266,816,768 allowances will be placed in the MSR over a 12-month period from 1 September 2024 to 31 August 2025.
  • BNEF previously expected the TNAC to sit at 1,080 million allowances, which would see 260 million allowances removed by the Market Stability Reserve, a report showed.

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