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Hungary's government will auction on March 26 allowances to emit carbon dioxide, in its first offering of the permits this year, the Finance Ministry said in an e-mailed statement today.
The government will offer all its 1.18 million available allowances and will hold a secondary auction on March 29 if needed, according to the statement. Hungary raised €8.9 million ($11.7 million) in December by selling 1.2 million credits, for an average price of €7.42. (Bloomberg)