BM&FBOVESPA Announces Result Of Carbon Credits Auction Held On Tuesday, June 12

BM&FBOVESPA held today (June 12) the third sell auction of certified emission reductions (CER) held by the Municipal Government of São Paulo. Mercuria Energy Trading, based in Geneva (Switzerland), was the winning bidder for the lot, at €3.30 per carbon credit. The price represents a 22.22% premium on the minimum price of €2.70 per carbon credit. In all, the auction’s financial volume was €1,749,000.00 (approximately BRL 4,477,000.00). A single lot was auctioned, of 530,000 CERs generated by the Bandeirantes Landfill Gas to Energy Project in accordance with the terms of the Clean Development Mechanism (CDM).