EU Carbon Price Hits New Post-Trial Low

Jan 21 2009 | 11:19am ET

European Union allowances (EAUs)—permits to emit carbon dioxide CFI2Z9 in the European Union—traded at EUR 11.78 a tonne on Monday, a record low for the second trading period of the bloc’s emissions trading scheme from 2008-2012.

The price of the benchmark 2009 contract hit an all-time low last week, beating the previous record of EUR 12.80. EUAs fell to near-zero in the first trading phase of the scheme from 2005-2007, now referred to as a “trial period.”

The EU program targets CO2 emissions from industrial concerns like steel and power plants.

Permit prices are feeling the effects of falling industrial carbon emissions, the result of recession and reduced output; falling energy demand; and lower oil and gas prices.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?