London, 6 January 2012

CERs hit record lows, EUAs fall 2%: CER buyers seek contract rejigs, exits as prices collapse: -  Prices of U.N. carbon offsets plunged to a record low on Friday, tumbling around 6.5% from the previous close as traders sold CERs amid thin liquidity and hefty issuances.

At the same time, carbon offset buyers are seeking ways to renegotiate purchase agreements or even nullify them after market prices crashed far below their wholesale credit costs, several sources told Point Carbon News.

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