25.04.2013 - UN carbon emission credits drop to record 1 cent as EU ban nears
Prices for United Nations carbon offsets fell to the lowest ever as a ban on the use of some credits approached and as factories and power stations surrendered permits and credits to cover emissions in 2012. Certified Emission Reductions, or CERs, for next-day delivery fell 86 percent to 1 euro cent ($0.01) a metric ton on Londonís ICE Futures Europe exchange. The contracts have plunged from 19 cents at the start of the year amid a surplus of permits in Europe, where the regionís recession has cut demand...............................................Full Article: Source
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