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Market price for carbon sags on crisis in Europe

Posted on 13 October 2011

The European market for carbon has slumped far below the Australian government’s carbon tax price of $23 a tonne as distressed companies in Britain and Greece cash in permits while investors wait for the outcome of next month’s climate summit in South Africa.
The carbon price in Europe has fallen to about E10 ($13.70) a tonne during the past week, its lowest level since the depths of the financial crisis in February 2009……………………………………….Full Article: Source


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