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€1billion

Government make 1bn euros from auctioning EUAs

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Between 19 November 2008 and 10 February 2011 the UK Government has auctioned over 77m EU Allowances. The revenue generated from auctioning these allowances is over the €1bn and projections show that this revenue is due to increase significantly, reaching up to €64bn by 2020. At the moment this money goes straight to the Treasury.

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