As far as I could discover, although the EU runs a centralized Union Registry for ETS transactions, in which all member states must participate (well the UK was suspended at the beginning of this year), the primary auction mechanism for ETS allowances is outsourced mostly to a German company called EEX (which is a member of the Deutche Borse Group), except for the UK which uses an US auction provider (the Intercontinental Exchange).

Since the ultimate recipient of ETS primary auction money always seems to be a member state, does this primary auction money pass through "EU coffers" at all?

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