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Subject:  EU carbon market Date:  4/18/2012  6:49 AM
Author:  DrBob2 Number:  34712 of 92427

EU Carbon Permits Drop After Output Unexpectedly Falls

Carbon permits plunged to a record after European Union data showed emissions from factories and power stations in the region fell more than expected last year amid milder-than-normal weather. Emissions decreased 2.4 percent to 1.7 billion metric tons in 2011 from 1.75 billion tons for the same installations in 2010....

EU carbon for December dropped 11 percent to close at 6.34 euros ($8.45) a ton, the biggest loss since April 28, 2006 on the ICE Futures Europe exchange in London. The previous low was 6.38 euros on Jan. 4. Power-industry emissions dropped to 2009 levels, said Matteo Mazzoni, an analyst for NE Nomisma Energia Srl in Bologna, Italy. “That is the elephant in the room,” he said today by e- mail.

“And then, of course, you have stagnating industrial production.”

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