Sydney Morning Herald: European Union emission permits are poised to drop to a record in the first half as member states in the world`s largest carbon market fail to diminish the biggest- ever glut.
Allowances will fall below the record 5.93 euros ($7.50) a metric ton reached last month, according to eight analysts surveyed by Bloomberg News. That implies a decline of at least 8.3 per cent from yesterday`s closing price. The surplus may rise 18 per cent this year, according to Bloomberg New Energy Finance.
The EU`s...