August 25, 2010 / 1:06 PM / 8 years ago

Dutch, Austria to auction 4.2 million EU carbon permits

LONDON (Reuters) - The Dutch environment ministry will auction 4 million European Union carbon permits in two auctions on October 14 and November 18, the auction host, Amsterdam-based emissions exchange Climex, said on Wednesday.

Each auction will offer 2 million permits, called EU Allowances.

Climex will also host an auction for the Austrian Government on November 8 in which 200,000 EUAs will be sold, the bourse said.

All auctions will start at 1000 CET.

A Climex spokesman said these will be the exchange’s final EUA auctions in 2010, though more are planned for next year.

All will be single round, sealed bid with a single clearing price, the same format as auctions to be held in the third phase of the EU’s Emissions Trading Scheme (2013-2020).

The minimum bid size is 500 EUAs and while participation is free of charge, the Dutch government auctions also carry no transaction fees for the successful buyers, Climex said.

During the scheme’s second phase (2008-2012), the Dutch government said it will auction some 16 million EUAs, or around 4 percent of its total allocation figure.

The Dutch State Treasury Agency sold 4 million EUAs for 14.10 euros a tonne on April 15 while Climex last auctioned 200,000 EUAs on behalf of the Austrian government for 12.78 euros ($16.17) each on March 23.

Benchmark spot EUA prices currently trade at 15.05 euros per tonne of carbon dioxide.

Reporting by Michael Szabo; Editing by William Hardy

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