Doubts have crept in over whether the European Commission will still publish proposals to deal with an oversupply of EU allowances (EUAs) before its summer break starts on 26 July – with some participants speculating they will be delayed until September. EU climate commissioner Connie Hedegaard said today that a review of the EU Emission Trading System (ETS) with a proposal to delay the sale of some EUAs from 2013 until later in Phase III (2013-20) and a consultation on longer term structural reforms could be expected “rather soon”. She added that the Commission is “still working very hard to try to finish before summer” – but other stakeholders say there are rumours the review and proposals may not be published until September.
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