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European Union Allowances
European Union Allowances (EUAs) are tradable emission credits from the European Union Emissions Trading Scheme (EU ETS).
Over 10,000 industrial installations across Europe have had annual carbon emission reduction targets set for them under National Allocation Plans (NAPs) for each EU country. The companies that own the installations are allocated a number of allowances, called European Union Allowances (EUAs), matching their target. From 2013 free allocation is being reduced and companies will obtain their allowances from auction bidding.
Each EUA gives the owner the right to emit one tonne of carbon dioxide. Companies that don't use up all their allowances, that is, emit less than they are entitled to, can sell them. Companies which exceed their emission target must offset the excess emissions by buying EUAs, CERs or ERUs.
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Additional risk management services to help you manage the cost of emissions compliance.