The auction calendar has been adjusted following the suspension of the auctioning of the second leg of emission allowances allocated to the Recovery and Resilience Facility (RRF).
The auctioning of emission allowances for the RRF under the REPowerEU plan started in July 2023 with a revenue target of EUR 20 billion: EUR 12 billion from the auctioning of allowances which would otherwise be auctioned for the Innovation Fund allowances (IF-RRF) and EUR 8 billion from the auctioning of allowances that would otherwise be auctioned from 1 January 2027 to 31 December 2030 by the Member States (MS-RRF).
On 13 July 2026, the EUR 12 billion revenue target for IF-RRF has been reached after the cumulative auctioning of 167 115 000 allowances.
The Auctioning Regulation states that if the target revenue is reached before 31 August 2026, the subsequent auctions of allowances must be immediately suspended. Since the beginning of the year, each auction by the common auction platform included 571 000 allowances allocated to IF-RFF. From 14 July until 31 August 2026, the auction volume on the common auction platform will therefore be adjusted by that amount, from 2 817 500 to 2 246 500 allowances.
The EUR 8 billion revenue target for MS-RRF has been reached on 22 June 2026. Between 23 June and 13 July 2026, the auction volume on the common auction platform has been adjusted from 3 198 500 to 2 817 500 allowances.
In total, 278 570 000 allowances have been allocated to the RRF.
The 2026 auction volumes are calculated in accordance with the previously published:
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