High hopes for carbon credit sales

The Sunday Times
February 22, 2009
Business digest

THE price of permits to produce carbon dioxide will soar to a new high of €64 (£57.3) a ton when economic activity stabilises, according to a study by the corporate-finance group Akur Partners.
Firms have raised billions of pounds in recent months selling carbon-emissions permits they don’t need due to factory slowdowns and stoppages. The sales rush has led to a collapse in the price to as low as €8 a ton.