12.12.2011 - Carbon traders pin hopes on EU boost
Traders in the beleaguered European carbon credit trading market, which saw carbon prices plummet to a record low last month, are pinning their hopes on a new European directive to give business a boost. The Energy Efficiency Directive, due to be voted on by the European Parliament on December 20 ahead of a final sign-off next April, could help jump-start the market by reducing the amount of overall emissions allowed, thereby increasing the need for businesses to purchase carbon credits or “abatement”...............................................Full Article: Source
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