17 Jan 2013 17:26 Last updated: 17 Jan 2013 21:32
LONDON, Jan 17 (Reuters Point Carbon) – EU carbon prices hit a fresh record low on Thursday as poor economic data from Germany and relatively healthy supply of coal continued to force European power and coal prices lower.
In related news, California says they aren’t going to get involved in Australia’s carbon Market via any price linkages:
California downplays possibility of Australia CO2 market link
17 Jan 2013 00:33 Last updated: 17 Jan 2013 00:33
DAVIS, CALIFORNIA, Jan 16 (Reuters Point Carbon) – California officials said they have no plans to sign any agreement with Australia linking their carbon markets down the road, despite interest on the part of Australian officials to expand its coming emissions trading system.
It looks like the EU Carbon price is following the trend of the Chicago Climate Exchange (CCX) before it flatlined and folded.
Since the EU carbon price has been in free fall for awhile now, it is just a matter of time.
- EU Carbon May Decline to Record as Glut Expands: Energy Markets – Bloomberg (bloomberg.com)
- EU Carbon Market Disclosure Draws Fire as Permit Prices Slump – Bloomberg (bloomberg.com)