EU Sells 5.6 Million Carbon Permits at 6.45 Euros in EEX Auction

The European Union sold 5.6 million metric tons of prompt carbon permits for 2013 through 2020 at 6.45 euros ($8.50) a metric ton, according to the European Energy Exchange AG in Leipzig, Germany.

Demand exceeded supply in the sale by a factor of 2.41, compared with 2.51 in a Dec. 13 sale of 5.5 million tons, data published today on EEX’s website show.

The EU sale, the last for this year, raised 36 million euros from nine successful bidders, EEX said. Prompt Phase 3 allowances rose 1.4 percent to 6.56 euros a ton on the ICE Futures Europe exchange in London at 2:26 p.m. The phase runs for the eight years starting next year.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

Bloomberg reserves the right to edit or 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.