Liquidity is holding up in the forward carbon market, despite a freeze on spot trading and the risk of buying stolen EU allowances (EUAs).
Traded volumes on the IntercontinentalExchange (ICE) for EUA futures averaged 12.5m tonnes of CO2 equivalent (tCO2e)/day last week. That compares with 10.4m tCO2e/day in the week beginning 10 January, before a hacker attack led to an EU-wide registry suspension (see EDCM 20 January 2010).
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