Germany Sells 300,000 Spot EU CO2 Permits at 7.39 Euros on EEX
Germany sold 300,000 European Union spot carbon permits at 7.39 euros ($9.32) a metric ton in an auction on the European Energy Exchange AG.
The country is selling as many as 21 million metric tons of spot and 32 million tons of futures contracts in weekly sales as part of its allocation of permits in 2012. The EU’s emissions trading system is in its second phase, which runs from 2008 to the end of this year.
EEX has also auctioned Phase 2 permits on behalf of the Netherlands and Lithuania, and is selling Phase 3 permits for delivery in 2013 for the European Investment Bank.
To contact the reporter on this story: Alessandro Vitelli in London at firstname.lastname@example.org
To contact the editor responsible for this story: Lars Paulsson at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.