U.K. to Sell Early Phase 3 Carbon Permits on Nov. 21 and Dec. 5

The U.K. will hold two sales of so- called early Phase 3 European Union carbon allowances on Nov. 21 and Dec. 5, the European Commission said in a statement on its website.

The sales will be carried out by ICE Futures Europe, which has been approved by the Commission to hold auctions in the third phase of the bloc’s carbon market, which begins in 2013. ICE will also hold two sales of EU aviation permits on Nov. 26 and Dec. 10, the Commission said.

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

To contact the editor responsible for this story: Rob Verdonck at rverdonck@bloomberg.net

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