Around 1.579 billion permits are in circulation in the European Union's carbon market, up from 1.385 billion last year
BRUSSELS, May 12 (Reuters) - Around 1.579 billion permits are in circulation in the European Union's carbon market, up from 1.385 billion last year, the European Commission said on Wednesday.
Based on that surplus, 378.9 million permits will be withheld from carbon market auctions from 1 September 2021 to 31 August 2022, and placed in the market stability reserve, the Commission said in a statement published after trading in the market closed for the day.
(Reporting by Kate Abnett)
