EU Carbon Drops to Two-Week Low as Glut-Fix Shortcut Abandoned
This article is for subscribers only.
European Union carbon permits closed at their lowest level since Feb. 7 a day after Matthias Groote, chairman of the EU parliament’s environment panel, scrapped fast-track talks on a plan to cut a surplus of allowances.
The December contract fell 5.9 percent to close at 4.30 euros ($5.60) a metric ton on the ICE Futures Europe exchange in London. Certified Emission Reductions for December rose 1 cent to 35 cents a ton.