EU rescue plan setback drives down carbon prices | Reuters
A delay until September of keenly awaited details of the European Commission's plans to remove emissions permits from Europe's carbon market sent carbon prices sharply lower on Wednesday. Three separate EU sources said on Tuesday details on how to fix a supply glut in the carbon market would now not come until after the Commission's August recess, prompting falls of up to seven percent in already low carbon prices. Market participants scrambled to unwind long positions and Deutsche Bank cut its EU carbon price forecast for the third quarter to 6-8 euros from 6-10.
The information and data contained on this website was obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Information provided on this website is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities. Any decision to purchase or sell as a result of the opinions expressed on will be the full responsibility of the person authorizing such transaction.