(BN) Delbeke Says No Strong Case for Early Carbon Auctions in 2011


Delbeke Says No Strong Case for Early Carbon Auctions in 2011
2011-01-12 11:45:18.741 GMT

By Ewa Krukowska
Jan. 12 (Bloomberg) -- Carbon emitters, investors, experts
and lobby groups seem to agree that the European Union should
auction early up to 300 million tons of emission permits for the
post-2012 trading period, said Jos Delbeke, director for climate
at the EU's regulatory arm.
Delbeke said he observed that at the stakeholder debate
with the European Commission last month expectations regarding
the amount of permits to be auctioned before the next phase
starts in 2013 were "much lower compared to where we started."
He reiterated that he did not see a "strong case" for early
auctions this year.
"People seem to agree that the amount of early auctioning
the commission should foresee is somewhere between zero and 300
million allowances," he told a briefing organized by Deutsche
Bank in Brussels today. "2011 is not a break or make year.
There's liquidity. We also have 300 million allowances in
auctions prepared by the European Investment Bank that are going
to be brought to the market before 2013," he said.

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