30.01.2013 - Finance chiefs look to EU to offset carbon risks
The Coalition’s plans to scrap the carbon price and the lack of detail provided by the government on how Australian and European carbon markets will be linked are discouraging CFOs and treasurers from capitalising on cheap carbon permits in Europe to hedge their liability when carbon trading starts here. Last week, carbon permits on the seven-year-old EU market plummeted to a new low of around €2.80, before recovering to just below €5...............................................Full Article: Source
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