EEX wins primary auction contract for German EUAs

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In July this year, the German ministry agreed to auction 10% of German emission allowances annually for both 2010 and 2011.

"Within the EU Emissions Trading System, Germany is the biggest issuer of emissions allowances and we are looking forward to improving the efficiency of emissions trading," says Hans-Bernd Menzel, chief executive of EEX.

There will be two auctions per week covering 870,000 tons – one spot auction on Tuesday of 300,000 tons and one futures auction of 570,000 tons.

"We are ho