| Carbon prices are poised to rebound from a three-year slump as European Union member states vote today on a plan to reduce a record glut of pollution permits. The cost of emitting carbon dioxide will jump to 7.75 euros ($10.55) a metric ton by the end of the year, from 4.76 euros yesterday, according to the median of nine analyst and trader estimates compiled by Bloomberg News.
Representatives of the EU’s 28 member states will cast their final vote after 2.30 p.m. in Brussels on the plan that would temporarily cut the number of permits by half of the annual supply for the 12,000 power plants and factories in the trading system...............................................Full Article: Source
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