Global recession reaches carbon market
4 Nov 2008
The global economic recession will have a significant effect on the European carbon market, nearly halving the shortfall in EU Allowances (EUAs), according to a new projection in the latest weekly report from IDEAcarbon, a leading carbon market analysis and research firm.
In December 2007, IDEAcarbon estimated the Phase II shortfall in EUAs would be 206 million tonnes per year of CO2 equivalent.
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