Wednesday, December 14, 2011

EU carbon plunges 10 percent to record low of 6.30 euros

"I still don't see any bottom to this market," said one carbon trader, who said any positive sentiment from this weekend's landmark U.N. climate summit in Durban was purely psychological as it brought no increase in demand for permits.

"It's clear that Durban didn't help, and Canada's announcement of its Kyoto Protocol withdrawal tells you what little countries think about international agreements," he added.

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