NER300 results published for April

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