The directive 2003/87/EC “Emissions Trading” set an European system to negotiate and exchange green house gas emission allowances. The EU directive is mandatory for its application to all production facilities generating CO2 emissions in major industrial sectors. Every plant yearly receives a specific amount of CO2 allowances that should be given back the following year at the same amount of the CO2 emissions generated: in case the emissions are higher then the allowances supplied the plant have the duty to purchase in the market the missing ones, in case the plant has produced less it can sell in the market the allowance surplus.
EGL is active in the Emissions Trading market on a European level and it was one of the first Italian operators to offer a supply service on emissions quotas.
EGL gives its customers daily price indications regarding the purchase of excess quotas that may be in its customers’ possession and purchase, on their behalf, the necessary quotas to be discharged from the regulatory obligations. It therefore allows the customer to be able to monitor the market trends, minimise the risk from future share price rises and the subsequent tightening of industrial margins.
Since the opening day on 2 April 2007, EGL has also been active on the Italian exchange platform for emission units run by the GME (GME Exchange).
