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EU Carbon Permits Fall Most in Three Weeks on Expanded Surplus

Posted on 16 May 2014

European Union carbon permits fell the most in almost three weeks in London after the market regulator said a surplus of the emission allowances expanded last year.
Permits for December dropped 6.8 percent, the most since April 25, to 4.81 euros ($6.60) a metric ton at 4:40 p.m. in London on the ICE Futures Europe exchange. The contract slid as much as 8.5 percent earlier today. The allowances dropped for a third consecutive year in 2013………………………………………..Full Article: Source


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