EU, Germany, U.K. to Sell 819 Million Carbon Permits in 2013

The European Union, Germany and the U.K. will sell 819 million metric tons of carbon permits for the third phase of the bloc’s greenhouse-gas market next year, according to the program’s regulator.

The 27-member region will hold sales three times a week on behalf of 24 states, Iceland, Norway, Poland and Liechtenstein, the EU said today in a statement on its website. The U.K. and Germany will each hold one separate sale every week. The auctions will be hosted by the European Energy Exchange AG, ICE Futures Europe and a platform yet to be appointed for Poland, according to the European Commission.

Nations will sell on average nearly half the permits issued in the bloc’s market each year from 2013 through 2020, according to the rules of the system.

The EU will also resume sales of aviation carbon permits starting in May, according to the statement.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.