EU carbon falls, market absorbing 2009 expiry

December 16, 2009 by

LONDON – European Union carbon emissions futures fell on Wednesday as the market absorbed December 2009 contract deliveries and awaited an outcome from climate talks in Copenhagen.

EU Allowances for December 2010 delivery were down 19 cents or 1.30 percent at 14.42 euros a tonne at 1325 GMT. Volume was thin at 1,347 lots traded.

“The market is digesting the delivery of the Dec-09 contract. It is waiting for the end of Copenhagen and winding down before the Christmas vacation,” an emissions trader said….Read full story

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