Nov. 5 (Bloomberg) -- The U.K., the European Union’s third biggest economy, sold the right to emit 4.2 million metric tons of carbon dioxide for 14.20 euros ($23.49) a metric ton in an auction today. It received bids for 18.6 millions tons, according to the U.K. Debt Office.

To contact the reporter on this story: Catherine Airlie at cairlie@bloomberg.net

Last Updated: November 5, 2009 05:12 EST