NER300 – EIB publishes April sales report
- May 8, 2012
The European Investment Bank today published a report detailing the sales during April on EU carbon allowances under the NER300 initiative to raise funding for carbon capture and storage demonstration projects and innovative renewable energy technologies.
During the month of April, EIB sold 20,500,000 EU allowances for a total value of EUR 153,869,020 (before deduction of expenses and market and EIB fees).
This brings the total volume of EU allowances sold so far under the NER300 initiative to 99,100,000 with a total value of EUR 824,510,250.
Following the completion of the memberships on the two selected carbon exchanges (European Energy Exchange and ICE Futures Europe), EIB has steadily increased its sales using direct screen trades and OTC exchange-cleared transactions during April. As a further instrument, EIB is also in the process of setting up auctions with the two exchanges. Further announcements on EIB auctions will follow during the month of May.
The April sales report can be found on the EIB’s NER300 website.
The next monthly report will be published on Tuesday 12 June 2012 shortly after 6 p.m. CET.