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Carbon in Worst Quarter Since 2011 Set for Rescue Vote

2013-04-03 15:26:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Europes emissions market is likely to be left all but broken should the regions parliament fail to agree next month on combating the surplus of carbon permits, after the biggest quarterly slide in prices since 2011. Allowances, which have plunged 28 percent this year to 4.81 euros ($6.20) a metric ton, will average 5 euros in 2013, according to the median forecast of five analysts surveyed by Bloomberg this week. Prices will probably drop below 2 euros if the European Union doesnt enact a November...

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