Carbon markets unfazed by news Trump pulls out of Paris deal, traders say

Fri, 02 Jun 2017

By Rebecca Howard June 2 (BusinessDesk) - Carbon markets in Europe and in New Zealand are taking news the US will put out of the Paris Agreement in their stride as countries around the world reaffirm their commitment to the accord. In a widely expected outcome, US President Donald Trump said the U.S. will begin negotiations to either re-enter the accord or start a new deal on "terms that are fair to the United States, its businesses, its workers, its people, its taxpayers." Prices of European carbon credits dipped from 5.10 euros per...

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