The European Commission announced July 25 that a decision to increase the European Union’s carbon price by changing the timing of carbon allowance auctions will be deferred until after the summer. The Commission published a draft regulation that would modify the timing of the auctions during the third phase of the EU Emissions Trading System (2013-2020) for consultation purposes and member states and the European Parliament will discuss it before they issue a formal proposal. Parties may submit their views through October 3.