Germany Sells 300,000 Spot EU CO2 Permits at 7.21 Euros on EEX

Germany sold 300,000 European Union spot carbon permits at 7.21 euros ($9.31) a metric ton in an auction today on the European Energy Exchange AG, according to the bourse’s website.

The country is selling as many as 21 million tons of spot permits and 32 million tons of December 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, based in Leipzig, Germany, has also auctioned Phase 2 permits on behalf of the Netherlands and Lithuania, and is selling Phase 3 allowances for delivery in 2013 for the European Investment Bank.

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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