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EIB opens prospect of longer-dated NER300 allowance sales

11 Oct 2013 16:00:41 | edcm

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The sale of allowances for the NER300 funding scheme could take place on contracts further out on the curve, said Martin Berg, product specialist in carbon markets at the European Investment Bank (EIB), at a conference on Friday.

“We will use whatever liquidity we have. We could go beyond December ‘14 if we can,” Berg said.

He could not confirm specifically at this stage for which contracts the allowances were likely to be sold.

The EIB said on Tuesday that it will release 100m allowances to the market starting around mid-November to fund the NER300 pot, which supports innovative energy schemes ( see EDCM 8 October 2013 ).

The sale of allowances for NER300 is likely to be bearish for the carbon market ( see EDCM 9 October 2013 ). Ben Lee

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