Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

EU Aims to Approve Report on Improving Carbon Market Nov. 14

The European Union aims to approve in the middle of next month a report on the functioning of the bloc’s carbon market and potential long-term options to strengthen it.

“November 14 can be confirmed as the expected adoption date of the report,” Isaac Valero-Ladron, climate spokesman for the European Commission, said by e-mail today.

The report, which will be sent to national governments and other EU institutions, is a key element in the commission’s strategy to improve the region’s emissions trading system after prices plunged to a record low in April. Member states are waiting for the document before taking positions on a draft EU proposal to curb oversupply in the market by delaying some auctions of carbon permits as of 2013.

EU carbon permits for December fell 1.4 percent to 7.74 euros ($10.04) a metric ton on the ICE Futures Europe exchange as of 12:15 p.m. in London. The contract extended its loss to 52 percent in the past three years as a crisis curbed industrial output, reducing demand for pollution rights.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.