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Carbon trading via brokers plummets as banks retreat

Posted on 15 August 2013

Carbon trading via brokers including ICAP and GFI Group plunged to its lowest since at least January 2011 as banks scaled back buying and selling amid tighter regulation and a record glut of permits.
The volume of EU allowances handled by six members of the London Energy Brokers’ Association dropped 61 per cent in July to 84.1 million metric tons from a year earlier, according to an Aug. 8 report by the lobby group. Trading in Certified Emission Reductions, the United Nations-regulated offsets, plunged 81 per cent. Activity on ICE Futures Europe in London, the biggest exchange for carbon contracts, slid 19 per cent in the month………………………………………..Full Article: Source


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