The European Investment Bank today published a report detailing the sale in December of EU carbon allowances under the NER300 initiative to raise funding for carbon capture and storage demonstration projects and innovative renewable energy technologies. EIB sold 12,000,000 EU allowances for a total value of EUR 97,849,000 (before deduction of expenses and market and EIB fees). All transactions were executed as OTC (“over the counter”) forward transactions, as previously anticipated. The December sales report can be found on the EIB’s NER300 website.