Auction of emission allowances
As from 1 January 2005, France has taken part in the European Union Emissions Trading System (EU ETS). This system for trading EU greenhouse gas emission allowances is a cornerstone of the EU's climate change policy, as well as an essential tool for reducing greenhouse gas emissions in an economically advantageous fashion. It is also the world's largest carbon trading market.
Starting in 2013, the auction method has been the default means for allocating emission allowances. Up to the limits set by decree, allowances are traded on the exchange in a transparent manner, using the "polluter should pay" principle.
Since 2013, as one of the auctioneers on the EEX (European Energy Exchange) platform, AFT has overseen the settlement of auctions of greenhouse gas emission allowances for France.