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London hails position as carbon trading hub following latest auction

Posted on 22 November 2012

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


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