Why European carbon prices remain low
6 Jun 2014
By LUCA TASCHINI and JOSH GREGORY.- In 2008, the European carbon market crashed.
Carbon emission allowances in the EU Emissions Trading System plunged from €30 per tonne of carbon dioxide in June 2008 to €7 at the beginning of 2009. Prices have fluctuated around €5 ever since. (One euro = $NZ1.61)
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