Surge in Europe’s carbon price raises prospects for Australia’s carbon market
EU carbon price surges amid optimism, The Age,June 14, 2013 Nick Perry Europe’s carbon price has surged to its highest level in months, prompting analysts to tip a rosier outlook for Australia’s future carbon market.
The spike came midweek as EU lawmakers expressed for the first time bipartisan support for efforts to fix Europe’s ailing emissions trading scheme (ETS)……
the price of European carbon permits hit a two-month high this week after conservative politicians indicated they’d support an amended backloading plan.
The proposal is now expected to proceed to the EU parliament once again, where it will go to a final vote on July 2…… If the vote is successful it would have immediate implications for Australia, even though it’s not anticipated the local market will mirror exactly what’s going on in Europe….. http://news.theage.com.au/breaking-news-national/eu-carbon-price-surges-amid-optimism-20130614-2o7rb.html
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