Carbon firms after rocky overnight ride
16 Dec 2008
Carbon prices firmed overnight with the first carbon vintage expiring as the December 2008 contract rolled off, OMFinancial reports.
Oil was volatile overnight as OPEC talk about making deep cuts to production pushed and pulled carbon, but the move by European generators to burn cheaper (but dirtier) coal and firmer electricity prices supported carbon and pushed the market higher through the day.
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