Sydney Morning Herald: European Union emission permits are poised to drop to a record in the first half as member states in the world`s largest carbon market fail to diminish the biggest- ever glut. Allowances will fall below the record 5.93 euros ($7.50) a metric ton reached last month, according to eight analysts surveyed by Bloomberg News. That implies a decline of at least 8.3 per cent from yesterday`s closing price. The surplus may rise 18 per cent this year, according to Bloomberg New Energy Finance. The EU`s...
URL: http://www.smh.com.au/business/carbon-economy/no-end-in-sight-to-eu-carbon-permit-glut-20130110-2chf6.html
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