Bearish news from the EU court in Luxembourg sent the price of pollution heavily down yesterday afternoon, as players feared more generous allocation plans in the future. Gas and oil also decreased in value while coal increased.
In the carbon market, the December contract closed at EUR 21.25/allowance at both the ICE/ECX and Nord Pool yesterday, down 80 and 78 cents respectively.A major reason for the decrease was news from the European Union’s Court of First Instance in Luxembourg that obliges the European Commission to consider the UK ’s amendment to its national allocation plan, making it less str
Donnerstag, 24.11.2005, 08:28 Uhr
Redaktion
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