Big carbon permit sell-off unlikely this year

ETS

08-03-10

Companies with excess carbon permits are stock-piling them rather than selling them off in anticipation of tighter emissions caps and higher carbon prices from 2013, industrial firms and utilities said on Tuesday.

Many investors in the EU's Emissions Trading Scheme (EU ETS) have been concerned that industrial users such as steel and cement firms would dump the rest of their surplus permits for 2009 in the first half of this year, causing prices to crash.

Source: www.reuters.com/article/idUSTRE6213C720100302

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Category: Carbon Emissions (CO2)and carbon capture, European Community