EIB Sells 2013 EU CO2 Permits at 7.18 Euros on EEX

(Corrects name of exchange in headline.)

The European Investment Bank sold 625,000 European Union carbon permits for 2013 delivery at 7.18 euros ($9.05) a metric ton in its fifth auction on the European Energy Exchange AG, according to data on the bourse’s website.

EEX is hosting four auctions per week for the EIB in June and July, selling a total of 20 million allowances from a special post-2012 reserve known as the NER300. Revenue from the sales will aid clean-energy projects in the 27-nation bloc. Until the end of May the EIB had sold NER300 permits in over- the-counter and exchange-based trades.

To contact the reporter on this story: Alessandro Vitelli in London at avitelli1@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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