I missed this for some reason……
The European Union canceled an auction of carbon emissions permits for the first time as bids failed to reach the bloc’s secret reserve price.
The sale was called off because the price would have cleared “significantly” below the prevailing market rate, according to European Energy Exchange AG, the unit of Deutsche Boerse AG that runs the auction. EU allowances for delivery in December fell to a five-week low of 3.71 euros ($4.83) a metric ton on London’s ICE Futures Europe before paring the decline.
Well, if you’re not making anything, you don’t need to buy those silly permits.