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Carbon Traders Seek Details From EIB on Planned EU Carbon Sales
2010-12-17 10:53:40.589 GMT
By Ewa Krukowska
Dec. 17 (Bloomberg) -- The International Emissions Trading
Association asked the European Investment Bank to announce
"swiftly" information about the timing and volumes of the
planned sale of carbon permits before 2013.
The European Union has mandated that the EIB sell 300
million allowances from a reserve to spur clean-energy projects
in the bloc's emissions trading system, the world's largest.
"If all 300 million allowances had to be sold in 2012,
the market would need to absorb almost five times the amount of
2010 auctions," IETA said in an e-mailed statement today.
"This is why it is so crucial to announce, well in advance, how
allowances will be released to the market (i.e. sales or
auctions), at what frequency, and in which form (i.e. spot or
forward/future)."
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To contact the reporter on this story:
Ewa Krukowska in Brussels at +32-2-237-4331 or
ekrukowska@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
