Total Number of Allowances in Circulation (TNAC)
The TNAC indicator plays an important role in the functioning of the Market Stability Reserve (MSR) of the EU ETS. It determines whether allowances are withdrawn to or released from the MSR.
Emissions trading in safe hands
Vertis, a MiFID II trading firm, supports companies in navigating through carbon compliance schemes, including different EU Emissions Trading Systems, CBAM and CORSIA, in a cost-effective way
Traders of environmental progress
STX Group is a global environmental commodities trader offering physical and financial solutions across compliance and voluntary systems for energy, fuels, gas and carbon markets.
The TNAC indicator plays an important role in the functioning of the Market Stability Reserve (MSR) of the EU ETS. It determines whether allowances are withdrawn to or released from the MSR.