The crisis in Japan and its impact on other nations pushed the Dec11 EUA contract to a high of €17.76 ($25) in the week starting 14 March, but the strong gains left it looking over-bought.. Consequently, prices fell back this week, and the contract spent most of its time between €16.50 and €17.
Last week, the UK government proposed a carbon price floor that aims for a minimum figure of about £16 ($25.71),
