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On the basis of this Communication, 24 % () of the total number of allowances in circulation will therefore be placed in the reserve over a period of 12-months starting as of 1 September 2019.

A corresponding amount will be deducted from Member States' auction volumes, following their respective auction shares.

According to the reports from the auctions on the common auction platform and on the relevant opt-out platforms (), the number of allowances auctioned between 1 January 2013 and 31 December 2018, including the so-called early auctions, is 4 641 208 000.

The number of allowances allocated for free, including allowances allocated from the NER, since 1 January 2013 until 31 December 2018 is 5 162 023 498 ( In line with the MSR rules, over a 12-month period — from 1 September 2019 to 31 August 2020 —, a total of 397 178 358 allowances will be placed in the MSR. ENG&toc=OJ: L:206: TOC () A first tranche of 200 million allowances — sold in 20 — and a second tranche of 100 million allowances – sold in 20; see for further details https://ec.europa.eu/clima/sites/clima/files/lowcarbon/ner300/docs/summary_report_ner300_monetisation_() The total verified emissions are based on an extract from the EUTL on 1 April 2019 to take into account verified emissions reported by 31 March 2019.

This Communication is the third publication for the purposes of the MSR, and concerns the year 2018.

It contains the actual total number of allowances in circulation, and sets out in detail how this figure has been calculated.

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The publication of the total number of allowances in circulation, on the basis of which allowances will be added to or released from the reserve, is therefore a key element for the operation of the reserve.

In the context of the revision of the EU ETS (), important changes were made to the functioning of the MSR.

The next publication will be made in May 2020 to determine reserve feeds from September 2020 until August 2021. Emissions reported after that date are therefore not reflected in this total.

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