After alleged "'Viagra shot' for carbon markets", "EUAs down 1 pct as traders shrug off Durban outcome"

‘Viagra shot’ for carbon markets | iPolitics

A global climate deal to extend the life of the Kyoto treaty and establish the parameters for negotiating a new pact by 2015 will provide a fresh stimulus to the world’s floundering carbon markets, according to bankers and analysts.

“The deal provides a significant boost for investors in low-carbon technology,” said Abyd Karmali, head of carbon markets at Bank of America Merrill Lynch, adding this was an achievement amid the woes of the eurozone crisis.

EUAs down 1 pct as traders shrug off Durban outcome - News - Point Carbon

EU carbon prices edged lower on Monday morning as weak energy prices eroded some gains related to the deal done over the weekend at U.N. climate talks, while traders were braced for further market turmoil stemming from the euro zone crisis.