European carbon market slumps after COP 21

The Paris climate agreement failed to have the desired impact on the European carbon market. Prices have fallen on the EU’s Emissions Trading System (EU ETS) since the agreement was signed in December, EurActive France reports. The price of European Emissions Allowances (EUA), a carbon quota system used by 12,000 industrial sites, fell to €7.60 per tonne of CO2 on Thursday (7 January), its lowest level in six months. Before COP21, ...

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