Carbon Price Hits Five-Month High
GALWAY, IRELAND--August 26, 2014--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Energy companies and the heavy industry sector can expected to pay more for carbon permits in the coming months as a plan by the European Commission (E.C.) to restrict their supply has succeeded in forcing up the price.
Price for permits hit a five-month high of 6.50 ($8.58) last week with some industry watchers predicting that prices are in for sustained growth and could breach double digits by next year.
