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EU agrees on carbon permit auction rules from 2013

LONDON (Reuters) - European Union governments on Wednesday unanimously agreed detailed rules for auctioning carbon permits in the third phase of the bloc's Emissions Trading Scheme from 2013, the EU executive said in a statement.

LONDON (Reuters) - European Union governments on Wednesday unanimously agreed detailed rules for auctioning carbon permits in the third phase of the bloc's Emissions Trading Scheme from 2013, the EU executive said in a statement.

The draft rules will see the creation of a central platform to sell the majority of EU carbon permits from 2013, but also allows countries to opt out and hold their own auctions.

The number of permits or the auction dates have yet to be determined, though the details of individual auctions will be published almost a year in advance, the Commission said.

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