The UK Government has abandoned its legal battle with the EC aiming to increase its overall carbon emission allocation by 20m tonnes in Phase 1 of the ETS. The reason given was “in the interests of establishing certainty”, according to the Financial Times (2006-04-29).
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With the dramatic fall in prices of carbon emission permits this week, the Financial Times responded today with an editorial (2006-04-29). Here is an excerpt:
“This is a tricky time for the trading system because governments are, for the first time, reporting their actual level of emissions. What put the carbon price into temporary free [...]
Today has seen the price of Carbon fall sharply again.
At it’s lowest point, about 25 minutes into the trading day, the price was at €15.25.
The close saw it settle at €16.50.
The past few days’ drop appear to be following news of much lower than expected emissions in 2005 in Belgium, France and Spain, and surplus [...]
After the recent price peak following a long weekend, yesterday saw an enormous €2.47 drop.
An hour into today’s trading and the price has dropped nearly 8% to €25.
Update 1: 3 hours in and it’s down to €24.30, approaching a 10% drop.
Update 2: Near the close, and the price looks set to settle at €23.20, a [...]
Prices for carbon emission allowances pushed through the €30 barrier yesterday, driven no doubt by rising oil prices, and realisation of the shortfall between emissions and caps. PointCarbon’s composite market price was €30.40 per tonne for December 2006 allowances. Even the Financial Times saw fit to report this today, on page 2.
Technorati Tags: carbon [...]
