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Free Hungarian CO2 allocation schemes tuned to pumped-storage plantsPublished: 1 of December, 2011

Power plants may acquire CO2 quotas via auction only pursuant to the new ETS Directive that comes into force in 2013. Certain new Member States may be exempted from this requirement, providing free allocation to their power plants. Our study presents the details of derogation as implemented in Hungary, considering its possible impacts on the markets.