EU carbon at 4-month low on UK gas, spec selling

30-07-10

European carbon emission futures dropped to a four-month low on Tuesday as weak energy prices prompted speculators to use technical levels to drive selling, traders said.

EU Allowances for December delivery fell 5 cents or 0.37 percent to 13.48 euros ($17.40) a tonne at 0713 GMT. They fell to an intra-day low of 13.36 euros in opening trade, their lowest level since April 6.

Source: www.reuters.com/article/idUSTRE66P36Q20100727

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Category: Carbon Emissions (CO2)and carbon capture