| Buying and selling of European Union carbon allowances on ICE Futures Europe declined for the first time last year after the bloc began withholding supply to reduce a surplus that’s built up since 2008.
Trading slipped 5.2 percent, according to data from the exchange compiled by Bloomberg. Benchmark prices rose 48 percent in 2014 and averaged 6.01 euros ($7.24) a metric ton. Lawmakers took more than three years to install the first measure aimed at reducing the surplus, beginning last March to retain the equivalent of six months’ permit supply temporarily...............................................Full Article: Source
|