Stumbling climate talks seen knocking EU carbon
December 19th, 2009
Prices for the carbon permits called EU Allowances (EUAs) fell five percent to around 13.60 euros ($19.59) a tonne.
Some traders and analysts saw varying scope for further falls, ranging from the limited and temporary to the drastic, as the likelihood of a deal being clinched for a successor to the Kyoto Protocol looked increasingly remote. Source