The government is inviting energy firms, banks and other organisations with experience in commodity trading to apply for a key role in the auctioning of EU carbon allowances (EUAs) under phase II of the blocs emissions trading scheme (ETS).

Defra announced late last week that it is beginning its search for the so-called Primary Participants who can bid directly for the carbon credits at auction on behalf of other firms and traders.

LEarn more about the EU carbon auction here.