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EU carbon price crashes to record low

2013-01-24 18:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The European Union's flagship climate policy, its emissions trading scheme (ETS), saw the price of carbon crash to a record low on Thursday after a vote in Brussels against a proposal to support the struggling market. The price of a permit to emit a tonne of carbon dioxide fell 40% at one point to EUR2.81 today, far below its record high of EUR32, before recovering to more than EUR4 later in the day. The ETS, aimed at reducing emissions from Europe's entire energy and industrial sectors, has...

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