| Confidence in the EU emissions trading scheme (ETS) appears to be gradually returning, with investors heartened by the recent steps taken by Brussels to bolster the market's previously rock bottom carbon price, a new survey has found.
A tonne of carbon currently costs around €5 in the EU system, which sets carbon limits for 12,000 power plants and factories requiring them to purchase allowances (EUAs) should they breach their cap. The price represents a drastic reduction on the €22/t peak achieved in the second half of 2008, but it also marks a significant improvement on the record low prices recorded last year............................................Full Article: Source |