viernes, 13 de abril de 2012
The market for carbon emissions is running out of gas.
Prices of emission allowances, which award the holder the right to release carbon dioxide into the atmosphere, have tumbled this week to a record low. They are down 11% from the start of the year and now trade at less than one-fourth of their July 2008 value.
The latest blow came Monday, when the European Union released preliminary data showing its carbon emissions fell by a larger-than-expected amount last year. While decreasing amounts of pollution out of Europe are a boon for the environment.
Fuente: Wall Street Journal
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