Norway to sell 12.7 million EUAs in 2009

In the period May 18 to November 13, Norway will sell regular volumes of EUAs on a daily basis, with 50% sold on a spot basis and 50% for December 2009 deliveries, allowing Norway to achieve the average market price.

"The Norwegian Government's choice to sell rather than freely allocate a portion of their European Emission Allowances clearly demonstrates its support for the global carbon market, injects liquidity and demonstrates that emissions have a price," says Louis Redshaw, head of carbon tr