UK Government may auction carbon emission credits
Published May 22nd, 2006
UK Auction Info
The government is considering plans to stage an auction of carbon credits that could raise hundreds of millions or even billions of pounds from industry as part of a shake-up of Britain’s role in the €50bn (£34bn) EU emissions trading scheme.
The Department for Environment, Food & Rural Affairs (Defra) confirmed that an auction process was “something that we are considering”, but said no decision had been taken on how to proceed.
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