Surplus of Bulgarian EUAs could flood market

Bulgaria is the last remaining country under the European Union Emissions Trading Scheme (EU ETS) yet to have its installations connected to the Community Independent Transaction Log (CITL).

The EC is expected to authorise the connection by mid-February and, as a result, Bulgarian companies will be able to sell their surplus of EUAs on the international carbon market.

The decision could trigger a potential influx of EUAs on the carbon markets and consequentially drive down prices, according to E