Croatia to join emissions auctions on common EU platform - EEX

Croatia's participation in the platform was made possible by the admission of its Environmental Protection and Energy Efficiency Fund as auctioneer. It will auction emission allowances on behalf of Croatia from the beginning of 2015, EEX said in a statement on Friday.

Croatia will contribute additional 11,328,500 EU allowances (EUA) and 69,000 EU aviation allowances (EUAA) to the total auction volume on the common auction platform, EEX said.

With Croatia joining the emissions auctions, all 25 EU Member States participating in the common EU auction platform have now been successfully set up.

In the framework of the European auction platform, EEX conducts the auctions on behalf of the European Commission and the participating EU member states.

The EEX develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded.