EU Carbon Declines as Poland's Auction Debut Set to Boost Supply

摘要

European Union carbon permits dropped a second day as Poland prepared to auction allowances for the first time and German power prices fell.December permits fell as much as 3.7 per cent to 4.96 euros ($6.58) a metric ton and were trading at 5 euros at 9:22 a.m. on the ICE Futures Europe exchange in London. Carbon jumped to as high as 5.56 euros on 9 September, the highest since January, as the EU regulator cut the free permits handed out to industry.Poland, the European Union's third-biggest emitter after Germany and the UK, will auction 51 million tons of permits this year in weekly sales starting 16 September, according to the European Energy Exchange AG in Leipzig, Germany. The auctions will boost the amount of allowances sold this month to 80.3 million tons from 33.6 million in August, EEX and ICE data show.