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UN Carbon Emission Credits Drop to Record 1 Cent as EU Ban Nears
2013-04-25 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Prices for United Nations carbon offsets fell to the lowest ever as a ban on the use of some credits approached and as factories and power stations surrendered permits and credits to cover emissions in 2012. Certified Emission Reductions, or CERs, for next-day delivery fell 86 percent to 1 euro cent ($0.01) a metric ton on Londons ICE Futures Europe exchange. The contracts have plunged from 19 cents at the start of the year amid a surplus of permits in Europe, where the regions recession has...
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Category:Electronics and Electrical