Hmmm, looks like they might read WUWT, that headline below looks familiar.
CO2 prices in freefall as traders despair over EU vote
24 Jan 2013 11:26 Last updated: 24 Jan 2013 13:44
LONDON, Jan 24 (Reuters Point Carbon) – European carbon prices went into freefall on Thursday, dropping 40 percent at one point to a record low 2.81 euros, after members of the EU Parliament’s industry committee voted against a plan to rescue the ailing market. http://www.pointcarbon.com/news/reutersnews/1.2151825
Yesterday’s close was 4.74 euros. The market hasn’t closed yet, so there could be some rebound. I could also win the lottery today. I think not on both counts though:
EU ETS fix hangs in balance as MEPs urge rejection
24 Jan 2013 15:10
BRUSSELS, Jan 24 (Reuters Point Carbon) – A proposal to rescue the ailing EU carbon market hung in the balance on Thursday as a committee of lawmakers urged the bloc’s parliament to reject the so-called backloading plan in a vote that sent carbon prices crashing to record lows.
UPDATE: that market has closed, and here is the news:
EU carbon prices climb back after 40 pct freefall
LONDON, Jan 24 (Reuters Point Carbon) – European carbon prices were down around 4 percent on Thursday afternoon after freefalling by as much as 40 percent to a record low 2.81 euros earlier, after EU parliamentarians voted against a plan to rescue the ailing market.
Some short term fools rushed in to hopefully make a profit. I predict a further price slide tomorrow.