Brussels, 17/10/2013 (Agence Europe) - Last week the European Investment Bank confirmed the expected start date for sales under the second phase of the NER 300 Initiative. Sales will resume in mid-November and will, as previously, be carried out in a manner to minimise any impact on the market. The NER 300 scheme is one of the largest funding programmes for carbon capture and storage demonstration projects and innovative renewable energy technologies. The sale of the remaining 100 million EU Allowances is envisaged to take place over a five-month period, depending on liquidity, with an expected average sales volume of 20 million EU Allowances per month. All of the remaining 100 million EU Allowances will be sold as futures on two exchanges: the London based ICE Futures Europe and the European Energy Exchange EEX in Leipzig. (OL/transl.fl)