Germany Sells 850,000 EU Carbon Permits at 7.47 Euros on EEX
Germany sold 850,000 European Union 2012 carbon permits at 7.47 euros ($9.18) a metric ton in an auction on the European Energy Exchange AG, according to the Leipzig-based company’s website.
The country is selling as many as 21 million 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.
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