Financial Times FT.com

Brussels fails to halt slide in carbon dioxide permit prices

By Fiona Harvey and Kevin Morrison in London

Published: May 3 2006 03:00 | Last updated: May 3 2006 03:00

Prices for business permits to produce carbon dioxide slid to their lowest in more than a year on Tuesday, even as the European Commission tried to damp turmoil in the fledgling market in greenhouse gas emissions.

The Commission called on member states to withhold information on their emissions until May 15, when officials plan to publish data on how much carbon dioxide companies in each member state emitted in 2005, the first year of the EU's emissions trading scheme.

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