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EU Won't Sell CO2-Capture Permits Until 2012, IDEAcarbon Says
2010-11-09 14:20:09.192 GMT
By Mathew Carr
Nov. 9 (Bloomberg) -- The European Union may delay selling
phase-three emission permits designed to generate cash for
carbon capture projects until 2012 as it completes systems for
trading the allowances, an analyst for IDEAcarbon said.
The EU said today it plans to sell 300 million tons of
carbon allowances through Dec. 31, 2012 in a program called New
Entrant Reserve 300. "It's touch and go that any NER300 sales
will happen before 2012," said Alessandro Vitelli, an analyst
at IDEAcarbon in London. The commission may need to finish
building its information-technology and registry platform for
the third phase, which runs from 2013 through 2020, Vitelli said
today by e-mail.
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To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
