Emissions trade prices dropping
Friday, April 28th, 2006The European Union’s emissions trading scheme is starting to behave like a true stockmarket with its own bubbles and crashes. A radical drop in prices will break any trader’s heart (if she is wrongly positioned in the market) and a 55% drop in prices is indeed a massive crash. Ouch! The FT reports today that the “CO2 emission futures for December 2006 delivery fell to a record low of 14 Euros…from a record high of 31 Euros reached (only) last week“. There is definitely a lesson here for all of us! You can monitor CO2 emission prices here.





