06.02.2009 - Does it matter if carbon prices plummet?

From Nytimes.com: On Wednesday, the price of a ton of carbon dioxide in Europe fell below 10 euros, or a little less than $13 and a record low for the current trading period – before closing the trading day at 10.45 euros. At its low, the price of carbon was down about 70 percent from its peak last summer. The explanation is fairly straightforward. Recession and a troubled economic outlook mean less consumption. .... Full Article: Source

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