|EU ETS New Entrant Reserve - oversized?|
|Monday, 18 January 2016 05:10|
Serious concerns that New Entrant Reserve (NER) will be used-up early and not sufficient to cover the needs of new entrants to the EU ETS, as well as installations' capacity increases, occur not to materialise.
NER is governed by the rule "first come, first served", hence the threat was, in principle, grounded.
However, as follows from data published recently by the European Commission, until July 2015, only 91.3 million allowances have been reserved for 369 installations for the entirety of phase 3 (i.e. untill 2020) and expectations are a significant number of allowances from the NER will remain unallocated.