Austrian Energy Exchange launches emissions trading
The Austrian Energy Exchange, EXAA, joined the ranks of European exchanges trading emissions yesterday with its first spot auction of European Union CO 2 allowances (EUAs).
Eight companies traded 7,500 tonnes of EUAs between them at the auction. Swiss company EGL was the market-maker, while the other energy-company first movers were Energie Handelsgesellschaft, Steweag-Steg, Tiroler Wasserkraft and Verbund. Even end-users took part, including industrials Tondach Gleinstätten and
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