Thursday, January 24, 2008

EU plans fail to spark carbon price rally

Here.

Excerpt:
The price of carbon credits in the European Emissions Trading Scheme (ETS) failed to rally yesterday, despite the European Commissions' announcement that the market would form the centrepiece of its climate change strategy.

Instead the price continued its downward trend of recent days, dipping below €20 a tonne from a high earlier this month of €23.60 a tonne.

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