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EU Emissions Trading System
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- 1EU auctions 2.792 million carbon permits at 84.87 euros▼European Union auctions 2.792 mln spot carbon permits at 84.87 eur/t
The European Union auctioned 2.792 million spot carbon permits under its emissions trading system at a clearing price of 84.87 euros per tonne. The sale is a routine weekly supply of allowances that power plants and industrial firms must hold to cover their CO2 emissions, and the price level is being watched as an indicator of carbon market conditions in Europe.