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EU nations hand out 535 million free carbon permits for 2016

2016-03-03 19:06:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: European nations have handed out a combined 535 million free European Union carbon permits to industry to cover 2016 emissions, the European Commission said on Thursday. The allocation of EU Allowances (EUAs) will add supply to a market already awash with permits and could put more pressure on carbon prices, which are now below 5 euros a ton. Germany and France handed out the most permits, at 129.6 million and 73.2 million respectively, while five countries including Spain and Italy have yet...

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