CO2 Fix May Boost State Revenues by Half, EU Note Shows
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European Union government revenue from carbon permit auctions may increase by an average 51 percent in the three years to 2015 should member states approve a plan to delay some sales, according to an EU document.
The measure drafted by the European Commission to postpone selling 900 million allowances until 2019-2020 would boost the cost of emission permits in the EU market to 10 euros a metric ton in 2013, compared with a scenario where no volumes are postponed, according to the document obtained by Bloomberg News. Poland, which opposes the proposed EU strategy, said its own analysis showed it will cut revenue for some central and east European countries.