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EU carbon prices hit seven weeks high

2013-12-22 00:20:00| Climate Ark Climate Change & Global Warming Newsfeed

Business Recorder: European carbon prices hit a seven week high on Wednesday in thin trade and on the back of an absence of government auctions of permits. The December 2014 EU Allowance (EUA) contract hit 5.09 euros during the session, its loftiest level since Oct. 30. The benchmark futures fell back to 5 euros at the close, 1 cent down on Tuesday's settlement. "Prices moved up and down in very thin volume but it looks like the market is more comfortable around five euros," a trader said, adding that the...

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