The UK government successfully completed the first auction of carbon allowances for phase III of the EU emissions trading scheme (ETS) yesterday, selling 6.5 million allowances at a clearing price of €6.62 a tonne.
The Department of Energy and Climate Change said the auction, which was handled by exchange specialist ICE Futures Europe, raised approximately £34m for the Exchequer and further cemented London’s position as the world’s leading carbon trading hub………………………………………..Full Article: Source