The European Investment Bank today published a report detailing the sales during May 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 May, EIB sold 21,000,000 EU allowances for a total value of EUR 151,028,600 (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 120,100,000 with a total value of EUR 975,538,850.

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 and OTC exchange-cleared transactions during May. As a further instrument, EIB has also started auctions on EEX on June 7.

The May sales report can be found on the EIB’s NER300 website.

The next monthly report will be published on Tuesday 10 July 2012 shortly after 6 p.m. CET.