17 June 2013 – EU Carbon Defies Logic as UN Talks Stall, Climate Mundial Says (Bloomberg)

On EU carbon prices, which fell 4.2 percent today to 4.57 euros ($6.10) a metric ton after rising 16 percent last week: “EU carbon continues to defy logic, providing a price signal based on a belief that there will be long-term carbon cuts through 2030 and beyond that have yet to be agreed. There is no other way to explain why the commodity has any price whatsoever when there is no scarcity today and backloading only deals with half of the glut.”

To read the full interview, click here.

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