European Union Allowance definition

European Union Allowance. (EUA) means a transferable allowance to emit one tonne of CO2 equivalent during a specified period;
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Examples of European Union Allowance in a sentence

  • This report covers the Phase III European Union Allowance (EUA) auctions held this period.

  • Allowance-based instruments involve cap and trade schemes, where permits generally correspond to a tonne of GHG, such as a Kyoto Protocol Assigned Amount Unit (AAU), European Union Allowance (EUA) and CCX’s Carbon Financial Instrument (CFI)23.

  • Across its 27 Member States, the EU ETS covers large plants from CO2-intensive emitting industrial sectors with a rated thermal input exceeding 20 MWh. One allowance exchanged on the EU ETS cor- responds to one ton of CO2 released in the atmosphere, and is called an European Union Allowance (EUA).

  • European Union Allowance (EUA) means the tradable unit under the EU ETS, giving the holder the right to emit one tonne of carbon dioxide (CO2), or the equivalent amount of two more powerful greenhouse gases, nitrous oxide (N2O) and perfluorocarbons (PFCs).

  • As shown in Figure 2, the collapse of European Union Allowance (EUA) prices in 2011 and 2012 propagated through the indirect linkage and led to a similar decline in NZU prices.

  • Specifically, the following markets have been deemed eligible:• European Union Allowance (EUA)• UK Allowance (UKA)• California Carbon Allowance (CCA)• Regional Greenhouse Gas Initiative (RGGI)IHS Markit may consult with the IHS Markit Global Carbon Index Advisory Committee to review potential carbon credit futures for inclusion or existing carbon credit futures for exclusion dependent on the developments in the respective markets.

  • Carbon Credit Selection RulesThe following selection criteria are used to determine the index constituents:• Contract Selection• Maturity of the Program 2.1) Contract Selection The IHS Markit Carbon EUA Index includes only Current Year European Union Allowance December Expiry carbon credit futures with vintage year matching the Current future’s year of expiry.

  • In addition to the carbon market, other financial modalities will also be explored: bilateral grants and auction from the European Union Allowance (EUA).

  • In particular, financial participants may use the European Union Allowance (EUA) as a speculative asset, an inflation hedge, a diversifier, a hedge, a safe-haven asset and to realise arbitrage opportunities.

  • However, the prices of fuels (coal, gas, oil) and EUA (European Union Allowance) emission certificates are non-stationary, which must be taken into account in the estimation approach.

Related to European Union Allowance

  • European Union means the member nations of the European Union established by the Treaty of European Union, signed at Maastricht on February 2, 1992, which amended the Treaty of Rome establishing the European Community.

  • EU means the European Union.

  • European Economic Area means the member nations of the European Economic Area pursuant to the Oporto Agreement on the European Economic Area dated May 2, 1992, as amended.

  • home Member State means either of the following:

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Superannuation Legislation means the Federal legislation as varied from time to time, governing the superannuation rights and obligations of the parties, which includes the Superannuation Guarantee (Administration) Act 1992, the Superannuation Guarantee Charge Act 1992, the Superannuation Industry (Supervision) Act 1993 and the Superannuation (Resolution of Complaints) Act 1993.

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.

  • UK Data Protection Legislation means all applicable data protection and privacy legislation in force from time to time in the UK including the UK GDPR; the Data Protection Act 2018; the Privacy and Electronic Communications Directive 2002/58/EC (as updated by Directive 2009/136/EC) and the Privacy and Electronic Communications Regulations 2003 (SI 2003/2426) as amended.

  • Member States means the Kingdom of Belgium, the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Republic of Croatia, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, Hungary, the Republic of Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland and the Kingdom of Sweden;

  • European standard means a standard adopted by the European Committee for Standardisation, the European Committee for Electrotechnical Standardisation or the European Telecommunications Standards Institute and made available for public use;

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”