Norway proposes to sell 46.8 mln EU carbon dioxide emission permits in 2019 -fiscal budget
Petroleumworld 10 09 2018
The Norwegian government is proposing to sell 46.8 million carbon dioxide emission permits - known as EU Allowances (EUAs) - in 2019, after reaching a deal to use the European common auction platform, it said in its fiscal budget on Monday.
The sale could result in revenues of 6.7 billion Norwegian crowns ($808.7 million), based on EU permit prices in summer 2018, it said.
EU's benchmark carbon front-year allowances traded at over 22 euros per tonne by 0948 GMT on Monday.
($1 = 8.2853 Norwegian crowns)
Reporting by Ole Petter Skonnord, writing by Nerijus Adomaitis, editing by Gwladys Fouche from Reuters.
reuters.com 10 08 2018
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