The European Investment Bank (EIB) published its April sales results for EU CO2 allowances under the NER300 initiative on 9 May. 20,500,000 EU allowances were sold during the month, for a total value of €153,869,020.
As opposed to the previous month, which experienced a continuous decline in the price of allowances, April saw a fairly stable price landing at a final average of €7.51 per allowance or tonne of CO2. This average is the lowest which has been observed since sales started in December 2011.
The NER300 initiative was launched to raise funding for CO2 capture and storage demonstration projects and innovative renewable energy technologies, by setting aside 300 million EU CO2 allowances for these technologies in particular.
To date, the total volume of EU allowances sold under the NER300 initiative is 99,100,000 at a total value of €824,510,250.
Read more and download the report: http://www.eib.org/about/news/ner-300-eib-publishes-april-sales-report.htm