20 Dec '11, 12pm

CO2 Price surges 30% from €6.40 to € 8,70 after EU vote, anticipating set-aside 1,4 bln allowances

European carbon prices soared 30 percent on Tuesday after a vote in the EU Parliament agreed to withhold 1.4 billion allowances in the third phase of the EU emissions trading scheme, which traders hope could alleviate fears of oversupply in the market.

Full article: http://www.pointcarbon.com/news/1.1704468?&ref=searchlist

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