Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

21 Jan 2009 04:01:04

Carbon credit prices fall



Carbon credit prices fall
Carbon dioxide emission allowances fell to their lowest level since the Emissions Trading Scheme (ETS) was launched in 2005 on Monday.

Since mid-2008, the price of the EU allowances for carbon emissions has fallen by half.

On Monday one allowance, which permits the emission of one tonne of CO2, cost €11.65 (£10.89), having reached €30 in July 2008.

According to Point Carbon, today (January 21st) one carbon allowance cost €11.63.

The fall in price reflects the downturn in the economy, with traders concerned that energy demand will fall and with it the amount of carbon dioxide emitted which companies will have to buy credits to cover.

According to the New York Times, the falling price of less carbon-intensive fuels such as natural gas is also having an impact.

Power companies are currently given millions of free credits, though this is to be modified when the system is reformed in 2013.

http://www.europeanclimateexchange.com/default_flash.asp


ADNFCR-1235-ID-18985165-ADNFCR


Discussion Thread  

 


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

The Low Carbon Economy Ltd Community



Related Items From Everyone


  1. 2016 Global Hybrid Electric Vehicle(HEV) Industry Report is a professional and in-depth research...

    01 Apr 2016
  2. Scottish Renewables Organisations

    Scotland's leading green energy trade body representing over 250 members in...

  3. Water Footprints... Tips & Did you know

    16,000 litres of water are used in the production of one kilogram of beef and 140 litres go into...

  4. The UK could be left behind in the clean technology sector if the government does not take steps...

    10 Nov 2008
  5. Remote solar home Products & Services

    Solar PV for a remote home. A reliable, safe environmentally, user-friendly electricity source....




Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.