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Climate Action
News article10 May 2021Directorate-General for Climate Action

Forthcoming publication of the annual surplus indicator (total number of allowances in circulation) for the EU ETS Market Stability Reserve

On 12 May 2021, after 18:00 CEST, the European Commission will publish the total number of allowances in circulation (TNAC) on the European carbon market.

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On 12 May 2021, after 18:00 CEST, the European Commission will publish the total number of allowances in circulation (TNAC) on the European carbon market.

This indicator plays an important role for the Market Stability Reserve (MSR) of the EU Emissions Trading System (ETS), which started operating in January 2019. The TNAC indicator published on 12 May 2021 will determine how many additional allowances will be placed in the MSR, through reduced auctioning, between September 2021 and August 2022.

Since January 2019, nearly 1 673 million allowances have been put in the reserve, including 900 million allowances from the so called “backloading”, i.e. allowances that were not auctioned in the years 2014 to 2016. According to Decision 2015/1814 (the MSR Decision), 24% of the TNAC is put in the MSR as long as its number exceeds 833 million allowances.

Last year, the total number of allowances in circulation amounted to 1 385 million allowances.

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Details

Publication date
10 May 2021
Author
Directorate-General for Climate Action