The price of carbon hit a record low in Europe on Monday as the over-supply of emissions permits during the global economic downturn continued to undermine the carbon market.
The price fell below 4.8 euros in early trading, before recovering to above 5 euros by late afternoon.
Carbon permits are a mechanism designed to reduce carbon dioxide emissions, as companies have to pay to emit C02.
See full Article: http://www.guardian.co.uk/environment/2012/dec/17/carbon-capture-ccs-technology
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