Market softness keeps lid on carbon
8 Sep 2008
Ongoing softness in energy markets conspired to keep a lid on carbon – oil, coal, electricity and gas all fell and carbon prices drifted lower across the curve, OM Financial reports.
CERs fell further than EUAs though trading was light. Carbon continues to trade the range – December 2008 CERs have been trading between €20.00 and €21.00 for the last few weeks – the contract looks well supported at €20.00 but having said that – current weakness in the US$ will support commodities such as oil and this may impact carbon pricing.
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