(From Government News Network (Was Hermes-Government Press Releases))
] DEPARTMENT FOR ENVIRONMENT, FOOD AND RURAL AFFAIRS ref : 50/07 23 February 2007 EU Emissions Trading Scheme - surplus new entrant reserve
The UK has today announced that it is inviting tenders for brokerage and trading of its EU Emissions Trading Scheme surplus New Entrant Reserve. This will begin a process of appointing one or more brokers/ traders to sell allowances on behalf of the UK Government and the devolved administrations.
The allowances to be disposed of are a proportion of the surplus Phase I New Entrant Reserve. The UK has made a public commitment to release the …