robinsmith3 |
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From Point Carbon:
The price of carbon for the first phase of the European emissions trading scheme fell to a record low of €0.15 during trade on Thursday, as companies placed swathes of sell orders through two financial institutions, traders said.
The fall marks a sensational collapse for the price of carbon for phase one, as just over 12 months ago allowances were trading at over €30.00. A dawning realisation that allowances will be worthless by the end of the year due to forecasts of an oversupply of up to 200 million sparked a “rush to the bottom,†traders said.
From Climate Corporation:
And the ETS futures market is trading at close to a high for December 2008 allowances. Largely due to the tighter limits on EU emissions for all 25 countries within the scheme
Will be interesting to see how strong the EC are with the individual countries. They are looking good so far.
Carbon price falls to new low Decline blamed on profit taking
tomhitchman
http://www.guardian.co.uk/environment/2009/feb/06/carbon-price-record-low
“The price of European Union allowances under the second phase of the ETS has plunged to €10.15 (£8.8) per tonne compared with highs of more than €30 in July last year.”
“Power generators and industrial firms are selling their credits to raise cash during the credit crunch but also because they are confident they will not need as many pollution permits at a time of falling demand for their products.”