EU Carbon Price Dives

There is an interesting article on the price of carbon on the European market in today’s Financial Times.  My gut feeling is that it will fall further as more European countries try and water down the impact of the scheme (already far less rigorous than that implemented by the previous Government).  I do hope that Peter Dunne ensures that the select committee has a good look at the European scheme as a possible role model for the New Zealand scheme.

Carbon prices have fallen precipitously in the past six months, reflecting the financial crisis and recession.

The cost of a permit to produce a tonne of carbon dioxide under the European Union’s emissions trading scheme topped €30 ($38) over the summer, but since then has halved and now hovers near €15-€16.

Advertisements

Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: