Carbon emission right auction revenues reached a sum of 1.329 billion euros in 2022, up approximately 30 percent compared to the previous year, when they reached a total of 1.014 billion euros.

DAPEEP, the RES market operator, recently completed allocating the year’s sum, based on percentages included in a related ministerial decision, energypress sources informed.

The Energy Transition Fund was given the lion’s share, an amount of 1.025 billion euros. At the other end, the RES special account was given a 3.8 percent share totaling 50 million euros.

The remaining amount, 251 million euros, covers all other planned funding. An 11 percent share of the year’s carbon emission right auction revenues was allocated for aid to enterprises active in sectors and sub-sectors exposed to significant risk as a result of carbon leakage.

A 4.5 percent share was allocated to the Green Fund to finance actions for the development of sustainable economic activities with a low carbon and environmental footprint.

A 1.5 percent share of the auction revenues will be used to fund initiatives promoting the emerging electromobility sector.

A 0.6 percent share was allocated to the Natural Environment and Climate Change Agency (NECCA/OFYPEKA).