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Carbon traders pin hopes on EU boost

Posted on 12 December 2011

Traders in the beleaguered European carbon credit trading market, which saw carbon prices plummet to a record low last month, are pinning their hopes on a new European directive to give business a boost.
The Energy Efficiency Directive, due to be voted on by the European Parliament on December 20 ahead of a final sign-off next April, could help jump-start the market by reducing the amount of overall emissions allowed, thereby increasing the need for businesses to purchase carbon credits or “abatement”………………………………………..Full Article: Source


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