Data released Monday, April 2 by the European Commission (EC) through its Community Independent Transaction Log (CITL) showed, contrary to market expectations, that the European Union Emissions Trading Scheme (EU ETS) was oversupplied with emissions allowances in 2011.
The news resulted in carbon prices plummeting to all-time lows. The December 2012 European Union Allowance (EUA) futures contract trading on the ICE European Climate Exchange (ECX) settled on Monday at an all-time low of €6.34 per
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- Quantile, TriOptima face off in cleared swaps compression battle
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Industry hails potential US relaxation of margin timing rules