Carbon price holds at recent levels
23 Jan 2009
Carbon has managed to consolidate at current levels after being subjected to heavy selling in the past few weeks, OMFinancial reports.
European companies and utilities have been using the carbon market as a way to raise cash in a credit-constrained world by selling allowances they don’t need as well as taking the view that prices may deteriorate further and they will be able to buy back the credits at lower prices.
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