Nervousness in EU emissions trading ahead of parliamentary vote

Nervousness has increased in the run-up to today's debate and tomorrow's vote in the EU Parliament on the reform of EU emissions trading: The CO2 price fell by more than 6% yesterday to a good EUR 81 per tonne. A group of MEPs has proposed an amendment that would allow only emitters and their financial intermediaries to trade in emission rights and would limit the participation of financial investors in the market. Such a limitation would reduce liquidity on the market, which is why the EU Commission had also spoken out against it.

Source: Commerzbank Research, Photo: Fotolia