The European Commission published a draft regulation November 12 to defer until after 2018 auctions of 900 million emission allowances in an attempt to boost the European Union’s carbon price. The regulation would amend an EU law on the auctioning of carbon allowances so that 400 million currently scheduled to be auctioned next year, 300 million from 2014, and 200 million from 2015 would be back loaded. Instead, the allowances would be auctioned in 2019 and 2020 to participants in the Emissions Trading System.