Dec. 11 (Bloomberg) -- 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.
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