From: feed.supplier@somewhere.cbr   
      
   I’ve been reading into the ETS (European Union Cap and Trade System) and I   
   wanted to ask a few questions to further my understanding.   
      
   So I know that the ETS determines a set cap on emissions allocated in carbon   
   tonnes which can be substituted to the equivalent in other green house gases.   
      
   Countries in the EU put forward a case for some free permits. However how are   
   the auctioned permits allocated?   
      
   I’ve read on the EU respective website that countries receive revenue from   
   the auction of these permits so does the EU give each member state an amount   
   to auction off? Or is it instead that they are auctioned off centrally? Is so   
   how do the member    
   countries get the revenue?   
      
   Hope that all makes sense.   
      
      
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