
That helped push prices for carbon permits down from €13.58 ($19.35) on Friday to €12.41 ($17.73) per metric ton (2,200 lbs) on Monday. Carbon-permit prices have fallen 14% since the beginning of the Copenhagen conference. The Center is currently marketing CO2 offsets for $20 per ton.
The European Union's emissions-trading plan caps the amount of greenhouse gases that power companies and the like can emit. They can purchase carbon permits on the market in order to comply with emissions limits. The Center markets CO2 offsets through its Carbon Mercantile Exchange (CMX). CMX offsets are based on short tons. (WSJ, 12/22/09)
No comments:
Post a Comment