Climex to execute allocation Auctions for Austrian Government

Bundesministerium für Land- und Forstwirtschaft, Umwelt und Wasserwirtschaft (BMLFUW), Austria
Austria will offer for sale by auction 400,000 EU-Allowances (EUAs) annually, during the second trading period 2008-2012. The regulation in which the modalities for the auction are defined is currently under appraisal and the first auction is expected to take place in autumn 2008.

The Austrian Federal Ministry of Agriculture, Forestry, Environment and Water Management (BMLFUW) is responsible for the sale of EUAs, which can be used for compliance under the EU Emissions Trading Scheme (EU ETS) during the second trading period. As a result of an EU-wide tendering procedure, Climex & ÖEKV will carry out the auctions which will therefore take place on the Climex trading platform (www.climex.com).

During the second emissions trading period (2008 - 2012) the Austrian Government will allocate an average of 30.33 million emission allowances to Austrian installations participating in the EU ETS every year. According to the Austrian allocation plan and the respective ordinance, 2 million EUAs (about 400,000 per year) - accounting for 1.3% of the total amount - will be auctioned throughout the period.

Well in advance of the first auction, a course will be organised in order to provide information on rules, processes and the procedures of the auctions. Members of Climex can directly participate in the auctions.

The official announcement can de found on the website of the BMLFUW (www.lebensministerium.at) and the Austrian Emissions Trading Registry (emissionshandelsregister.at). The announcement will also be published on www.co2markt.at and www.climex.com, as well as related news and further details.