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European carbon price ‘inching ever closer to zero’

Posted on 08 February 2013

Value of the European emissions trading scheme and UN CDM fell 35% in 2012, Point Carbon analysts warn. “Dramatic”, “enduring”, “meltdown” – the words used by leading analyst firm Thomson Reuters Point Carbon to describe the continued slump in global carbon prices could not be starker. And according to analysts the chances of prices recovering in the near future remain extremely thin.
The company today released data for 2012 showing that, while the volume of carbon traded globally rose 28 per cent to 10.7Gt, the value of the market fell 35 per cent to €62bn as the price of allowances in the EU Emissions Trading Scheme (ETS) and UN Clean Development Mechanism (CDM) collapsed………………………………………..Full Article: Source


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