LONDON (Reuters) - EEX will start its 2019 auctions of European carbon permits on Jan. 7, the exchange said on Thursday.
The full schedule is subject to approval from the European Commission and EEX expects to publish this as soon as approval is given, it said in a emailed statement.
Participants of Europe's Emissions Trading Scheme (ETS) are awaiting news of next year's auctions and particularly for new of when Germany's auctions will restart.
"The auctions on behalf of Germany will presumably resume later in the course of Q1 2019," EEX said in the statement.
Germany, Europe's largest emitter of carbon dioxide, paused its near weekly auctions of permits from Nov. 9 while EEX awaits approval from European Commission to resume carrying out auctions on the country's behalf.
EEX also carries out joint auctions on behalf of 25 European Union member states and separate auctions for Poland, which opted to hold its own sales.
ICE hosts carbon auctions on behalf of Britain, which also opted to hold separate auctions.
The European Union's ETS charges power plants and factories for every tonne of carbon dioxide (CO2) they emit and is Europe's flagship policy to cut greenhouse gas emissions.
(Reporting by Susanna Twidale; Editing by Edmund Blair)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
