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Carbon market snapshot

24 Apr 2012 18:24:45 | edcm

Carbon prices fell slightly day-on-day tracking the sideways movement on equity markets following yesterday's news - perceived as bearish by markets - of the collapse of the Netherlands' government and of the socialist candidate's lead in the French presidential race. Front-year EUAs fell by €0.05/tCO2e, less than 1%, day on day to €7.15/tCO2e while CERs of the same vintage shed €0.10/tCO2e or 2.5% to €3.85/tCO2e.

"What happened with the French elections and Holland took down the markets [yesterday], and there's still a feeling of uncertainty. EUAs are a political instrument, so if everything changes in France and Holland we don't know what will happen. Uncertainty is not good for carbon," one trader said.

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