Aiming to the more efficient fulfilment of the obligations of the European Community and its member – states for greenhouse gasses emissions reduction, according to the Kyoto Protocol, the European Union (EU) adopted in 2003 the European Union Emissions Trading System (EU-ETS). In combination with other politics and measures, emissions’ trading is treated as a significant part of the community strategy in order EU to fulfil its obligations.
At a Community level emissions’ trading started in 2005 with the creation of the EU-ETS which is distinguished in three phases. EU-ETS Phase I completed in 2007 whereas Phase II refers to the period 2008-2012 and reaches its end. Phase II refers to the years 2013-2020 and includes apart from the installations, airline companies as well.
During Phase II of EU-ETS, Hellenic Exchanges Group (HELEX) supported, through its technological infrastructure and human resources, the primary auctioning of emission allowances (EUAs) of the period 2008-2012 which the Greek governments possessed.
During Phase III, accordingly, HELEX Group upgrades its role and represents the Greek government in the EUAs auctions which take place in the transitional Common Auction Platform of EU.
EU-ETS Phase II refers to the period 2008-2012.
During this phase the Athens Exchange in cooperation with the Ministry of Environment, Energy and Climate Change has undertaken and realizes since June 2011, the primary auctioning of the non-allocated EUAs of the period 2008-2012 that have been attributed to Greece by the EU. In this section you can find condensed information about the primary auctioning, through the Athens Exchange, of the EUAs of Greece which refer to the period 2008-2012.
During the next cycle of the EU-ETS, which covers the period 2013-2020, the auctioning of the EUAs that the EU member – states posses will be realised through the Common Auction Platform. In the Common Auction Platform 24 out of 27 EU countries have already committed themselves that will participate, Greece included.
In order the member – states to realise EUAs auctions in the Common Auction Platform the assignment of the role of the Auctioneer to one institution which fulfils the prerequisites is obligatory.
HELEX Group, during this phase, represents the Greek government as Auctioneer in the transitional Common Auction Platform.
Hellenic Exchanges Group (HELEX) aiming to facilitate your informing about issues regarding emission allowances auctions provides detailed list with contacts.
