The Carbon Allowance Tale - Part 2: Adjustments towards a free market
New mechanisms helped the EU ETS become a more sophisticated scheme, driven by demand and supply.
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Total Number of Allowances in circulation (TNAC)
Total Number of Allowances in circulation (TNAC)
The number of allowances that have been issued by regulators and are left in the market after the surrendering of allowances for compliance reasons. It follows the formula TNAC = SUPPLY - VERIFIED EMISSIONS.
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