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Commodities Briefing - Categorized | Environmental Trading more

Carbon trading up in the air

Posted on 25 February 2013

Carbon traders bought the rumour and sold the fact this week and those who got their timing right could have gained up to 86%. On Tuesday, the much anticipated crunch vote by the European Parliament’s environment committee attempted to eradicate some of the chronic oversupply in the market which had sent carbon prices plummeting to historic lows last month.
The committee agreed to allow the so-called backloading of 900 million carbon contracts. Average daily volumes for the most highly traded contract is 20 million on the largest exchange………………………………………..Full Article: Source

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