Innovative renewable energy demonstration projects and carbon capture schemes across Europe are set to benefit from more than €2bn raised by sales of 300 million emission allowances.
The European Investment Bank has successfully completed sales under the NER 300 programme, one of the largest funding programmes for carbon capture and storage demonstration projects and innovative renewable energy technologies, and a total of €548m has been raised during the second phase of sales.
The European Investment Bank, acting on behalf of the European Commission, started to sell the first tranche of 200 million of the EU allowances covered by the NER 300 scheme on 5th December 2011.
More than €1.5bn was raised during the first phase of sales that ended in September 2012. From this, €1.2bn was awarded to 23 projects out of 79 applications examined.
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