EU CO2 Plunge Reignites Criticism About Market Disclosure
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The biggest two-day decline this year for European carbon permits has reignited criticism that the Brussels regulator needs to improve how it releases key information to the market.
Carbon for December fell 10 percent in the two days through July 19 as the European Commission declined to comment on a report by Oslo-based Point Carbon that it was preparing to announce plans to reduce a glut of permits without saying by how much. Jos Delbeke, director-general of climate at the commission, said May 31 that the regulator would temporarily remove some new allowances to be auctioned in the three years starting 2013, fanning speculation it would specify a number.