Germany Plans to Sell 40 Million Tons of Emission Permits in Second Phase

(Bloomberg) -- Germany plans to sell 40 million tons
of carbon dioxide emissions permits for each year of the second
phase of the European Union's carbon-trading system.

The country will sell permits for the period running from 2008
through 2012 to companies in the second half of this year,
according to a preliminary agreement published today. The country
will consider both auctioning and direct sale of the permits,
according to an e-mailed statement.


Read more at Bloomberg Energy News