EU Carbon Permits Drop After Output Unexpectedly Falls - Bloomberg
Carbon permits plunged to a record after European Union data showed emissions from factories and power stations in the region fell more than expected last year amid milder-than-normal weather. Emissions decreased to 1.7 billion metric tons in 2011 from 1.75 billion tons for the same installations in 2010, according to preliminary data published today on the EU website and compiled by Bloomberg New Energy Finance. The median estimate of seven analysts surveyed last month by Bloomberg was for a 0.7 percent advance. Today’s data covers about 88 percent of facilities in the market.
02 Apr 2012 12:02
Emissions from installations covered by the EU’s Emissions Trading Scheme fell 2.4 percent in 2011,…