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UN carbon emission credits drop to record 1 cent as EU ban nears

Posted on 25 April 2013

Prices for United Nations carbon offsets fell to the lowest ever as a ban on the use of some credits approached and as factories and power stations surrendered permits and credits to cover emissions in 2012.
Certified Emission Reductions, or CERs, for next-day delivery fell 86 percent to 1 euro cent ($0.01) a metric ton on London’s ICE Futures Europe exchange. The contracts have plunged from 19 cents at the start of the year amid a surplus of permits in Europe, where the region’s recession has cut demand………………………………………..Full Article: Source


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