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The published calendars reflect the operation of the Market Stability Reserve (MSR) until 31 August 2022. Following the publication by the Commission on 12 May 2021 of the total number of allowances in circulation in 2020, auction volumes from 1 September 2021 until 31 August 2022 are reduced by 378 905 382 allowances, which are placed in the MSR.

The first auctions with the revised volumes in 2021 will start on 1 September 2021 with the auction for Poland, followed on 3 September 2021 with the auction for Germany and on 6 September 2021 the auction on the common auction platform.

The first auction in 2022 will be held on 10 January 2022 with an auction on the common auction platform. The first 2022 auction by Germany will take place on 14 January 2022, while the first auction by Poland is scheduled for 19 January 2022.

The auction calendars consist of the volumes for all Member States, the Innovation Fund and the Modernisation Fund.

The 2021 and 2022 auction volumes are calculated in accordance with the previously published:

• Initial 2021 published auction calendar;
• Communication of the Commission on the total number of allowances in circulation in 2020 for the purposes of the Market Stability Reserve
• Member States auction shares for phase 4 of the EU ETS.
• Commission Decision on the Union-wide quantity of allowances to be issued under the EU Emissions Trading System for 2021 (C(2020)7704)

Read more:

• Website of the auction platform EEX
• Commission Decision on the Union-wide quantity of allowances to be issued under the EU Emissions Trading System for 2021 (C(2020)7704)
• Commission Decision on the determination of the Member States’ auction shares during the period 2021-2030 of the EU Emissions Trading System
• Regulatory update on the re-appointment of EEX as common auction platform
• EU ETS auctioning
• Market Stability Reserve
• Revision for phase 4 (2021-2030)
• Innovation Fund
• Modernisation Fund