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Norway proposes to sell 46.8 mln EU carbon dioxide emission permits in 2019 -fiscal budget



By Reuters

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. 10 08 2018


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