The EU ETS (European Emission Trading Scheme) enters its third phase. The ultimate goal of the EU ETS is to reduce CO2 in the atmosphere, through a market instrument - emission allowances. Third trading period, unlike the other, will be as long as seven years. With the transition from the second into the third period, there is lot of uncertainty that create distrust in the system. We have seen doubts recently whether it makes sense to continue with the trading in emission allowances, and whether the original assumption has been fulfilled. The whole situation supports voices of sceptics who call to cancel the scheme. The fundamental question is whether the Czech Republic can fulfil its obligations deriving from the EU ETS, whether we will be able to prepare auctions or to treat the free allocation of allowances according the directive of European Commission.
Uncertainties also exist about the transfer of CER and EUA credits from NAP 2 to NAP 3. Confidence in the system has also been undermined several times by attacks to the Czech Register of allowances. How shall we deal with the transition from 2nd to 3rd period, what complications will arise, can we manage everything in time? The conference will show participants how to deal with this complex and challenging agenda.