19.12.2008 - Slump means EU industry carbon caps no longer bite
From Guardian: Recession will not lead to a repeat collapse in European carbon prices, but plunging output means factories and power plants will be able to meet their climate goals for up to 10 years by buying carbon offsets. The deepening threat of a serious recession has seen carbon analysts scramble to adjust their forecasts, as tumbling manufacturing output will cut carbon emissions, and therefore demand for and the price of carbon emissions permits called EU allowances (EUAs)..... Full Article: Source