Carbon Top Commodity Stokes Suspicion EU Ideas Leaked
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The most ambitious market-based effort to control carbon emissions is being undermined by a glut of permits, amid allegations that European Union ideas to tackle the surplus are being leaked prematurely.
The European Commission plans to propose measures this month to temporarily reduce the excess, after the recession sent prices to a more than four-year low of 5.99 euros ($7.31) a metric ton April 4 on the ICE Futures Europe exchange. Prices jumped 30 percent last month and opened today at 7.72 euros.