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Carbon drops to two-week low as weak power price saps demand

Posted on 01 August 2013

European Union carbon permits for December dropped the most in three weeks as record-low power prices in Germany reduced demand for emission allowances.
The benchmark carbon contract fell as much as 4 percent to 4.12 euros ($5.49) a metric ton on ICE Futures Europe exchange, and traded at 4.13 euros at 12:47 p.m. in London. The contract is heading for its first monthly decline since April after dropping 1.7 percent this month………………………………………..Full Article: Source


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