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EU carbon market seen shrinking by a third in 2012

Posted on 21 December 2012

Europe’s carbon market is set to lose a third of its value this year as an oversupply of permits worsened, battering average prices and increasing pressure on European governments to provide support.
The world’s biggest carbon scheme, the European Union’s Emissions Trading System (ETS), was valued at a record $148 billion last year by The World Bank but analysts say that is likely to have fallen to around $100 billion, a level not seen since 2008………………………………………..Full Article: Source


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