Monthly Archives: April 2010

Carbon permit trading buoyed by threat of supply constraints

Carbon permits have been trading at a near seven-month high, strengthened by rising power prices and rumblings that the European Commission may move to tighten supply. Permit prices wobbled slightly on Tuesday, however, giving up some of the gains they had made over the past few days as Germany auctioned some of its stock. But they remain at a higher…

European carbon trading survives key tests

A funny thing has happened to carbon dioxide prices in the past few days: they have failed to collapse. Hours before most traders departed for their Easter break last week, the European Commission issued data showing the carbon market, under the European Union’s emissions trading scheme (EUETS) was oversupplied. Owing to the recession, Europe’s heavy industries used far less energy…