ETS Market Stability Reserve to reduce auction volume by over 272 million allowances between September 2023 and August 2024
The European Commission published today the Communication on the total number of allowances in circulation (TNAC) in 2022 on the European carbon market. It amounts to 1 134 794 738 allowances. The TNAC indicator plays an important role in the functioning of the Market Stability Reserve (MSR) of the EU Emissions Trading System (ETS). It determines whether allowances […]
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