NER300 – EIB publishes June sales report
- Jul 10, 2012
The European Investment Bank today published a report detailing the sales during June on EU carbon allowances under the NER300 initiative to raise funding for carbon capture and storage demonstration projects and innovative renewable energy technologies.
During June 2012, EIB sold a total of 21,500,000 EU allowances for a total value of EUR 164,079,320 (before deduction of expenses, including fees required by the market and EIB fees). 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 141,600,000 with a total value of EUR 1,139,618,170
Following the completion of the memberships on the two selected carbon exchanges (European Energy Exchange and ICE Futures Europe), EIB has further increased its sales using direct screen trades, OTC exchange-cleared transactions and auctions during June.
The complete June sales report can be found on the EIB’s NER300 website.
The next monthly report will be published on Thursday 9 August 2012 shortly after 6 p.m. CET.