Norway to sell 12.7 million EUAs in 2009
The Norwegian Ministry of Finance has announced it will sell 12.7 million EUAs this year through Barclays Capital.
In the period May 18 to November 13, Norway will sell regular volumes of EUAs on a daily basis, with 50% sold on a spot basis and 50% for December 2009 deliveries, allowing Norway to achieve the average market price.
"The Norwegian Government's choice to sell rather than freely allocate a portion of their European Emission Allowances clearly demonstrates its support for the global carbon market, injects liquidity and demonstrates that emissions have a price," says Louis Redshaw, head of carbon
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