Brussels, 14/07/2011 (Agence Europe) - EU member states have agreed to auction 120 million emission allowances for phase 3 of the Emissions Trading System (ETS) in 2012, the year before phase 3 starts. On Wednesday 13 July, member state representatives meeting within the EU committee on climate change approved the Commission's proposal along these lines, which takes the form of an amendment to the regulation relating to the trading by auction of greenhouse gas emissions under the ETS. The...