Movements in the EU carbon market were mixed yesterday even as the European Commission announced an ambition to cut carbon emissions by 20 per cent within 2020.
The December 07 contract opened at EUR 3.65/ tonne on the ECX, trading in a range of 3.5 to 4.1, before ending the day on the Amsterdam based carbon exchange at 3.85, up 35 cents day on day. Traders argued that the upward movement was sparked by a buying interest from banks, which saw an opportunity to obtain the allowances at lower prices providing the necessary cover in the event of the mercu
Donnerstag, 11.01.2007, 08:23 Uhr
Redaktion
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