NER300 – EIB publishes July sales report
- Aug 9, 2012
The European Investment Bank today published a report detailing the sales during July on EU carbon allowances under the NER300 initiative to raise funding for carbon capture and storage demonstration projects and innovative renewable energy technologies.
During July 2012, EIB sold a total of 20,500,000 EU allowances for a total value of EUR 162,829,760 (before deduction of expenses, including fees required by the market, and EIB fees).
EIB used the following sales channels during the reporting month to distribute the EU allowances: OTC exchange-cleared (5,125,000), Direct screen trades (4,125,000) and Auctions (11,250,000).
All transactions so far have been executed on a forward basis with delivery of allowances and receipt of revenues in December 2013.
This brings the total volume of EU allowances sold so far under the NER300 initiative to 162,100,000 with a total value of EUR 1,302,447,930.
The complete July sales report can be found on the EIB’s NER300 website.
The next monthly report will be published on Tuesday 11 September 2012 shortly after 6 p.m. CET.