From Commodities Now: European carbon allowances plunged more than 5 per cent today amid a wave of selling in financial and commodities markets prompted by heightened fears of a worldwide economic recession.

EU allowances for December 2008 delivery closed at €19.10, down €1.05 from Thursday’s close in the cleared brokered market. The December 2008 carbon price has fallen by more than a third from its peak of nearly €30 it struck in July. ….. Full Article: Source