| European nations have handed out a combined 535 million free European Union carbon permits to industry to cover 2016 emissions, the European Commission said on Thursday. The allocation of EU Allowances (EUAs) will add supply to a market already awash with permits and could put more pressure on carbon prices, which are now below 5 euros a ton.
Germany and France handed out the most permits, at 129.6 million and 73.2 million respectively, while five countries including Spain and Italy have yet to distribute any of the free permits, an update on the Commission's website showed...............................................Full Article: Source |