Applications Open For Emission Trading Auction Participation

Further to the publication of the EU ETS Phase II auction rules on 29 July 2008, DEFRA announced on 15 August that organisations can now apply to become Primary Participants in the competitive element of the UK's auctions for Phase II of the EU Emissions Trading Scheme ('EU ETS'). This will be of interest to parties wishing to be appointed as intermediaries ('Primary Participants') in the auction process, to those generally wishing to participate in the auctioning of allowances and to other investors and stakeholder groups.

Primary Participants can either bid directly for allowances or act as intermediaries for other parties, provided they hold an EU ETS registry account and meet the eligibility criteria set out in HM Treasury's Community Emissions Trading Scheme (Allocation of Allowances) Scheme 2008 (the 'Scheme').