LONDON (Reuters) - European Union carbon permit prices have had a rollercoaster ride over the past 45 days, and according to varying estimates made by analysts in the latest Reuters emissions poll, the volatility may not be over yet.
Since the EU published preliminary 2009 data for its emissions trading scheme on April 1, showing industrial carbon dioxide levels fell by 11.2 percent last year due to the recession, EU carbon prices have surged by over 25 percent.
Benchmark EU Allowances for delivery in December rose to a 17-month high of 16.73 euros a tonne on May 4. Prices then fell back, bottoming at 14.93 euros on Tuesday over worries about the Greek debt crisis, lower energy prices and some profit-taking.
