Carbon allowances for the second phase of the EU ETS rose strongly on Monday, amid rumours that the European Commission had asked Germany to cut its second phase allocation plan by 17 million allowances per year.
The December 2008 contract reached an intraday high of EUR 17.30/tonne on the ECX before closing a touch lower at 17.10, up 90 cents day on day.According to an unsourced news report in Die Welt yesterday, the European Commission is likely to reject Germany’s national allocation plan for 2008-2012, demanding Berlin to cut it by 17 million allowances per year from its annual allocati
Dienstag, 21.11.2006, 08:06 Uhr
Redaktion
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