Isramart llc news:
European carbon emissions futures lost 6 cents at 15.25 euros in early trade on Monday, following German power and after an inconclusive meeting of a U.N. panel on Kyoto's clean development mechanism (CDM).
Benchmark certified emissions reductions were unchanged at 13.71 euros a tonne, setting the EUA-CER spread at 1.54 euros.
German Calendar 2011 baseload power on the EEX was down 29 cents at 49.70 euros per megawatt hour.
"Gas has got very cheap, and all the markets are a bit soft today," said one trader.
Oil was steady on Monday after dropping 3.7 percent last week as investors remained on the lookout for signs of sustained economic growth in the U.S. ahead of a key Federal Reserve policy meeting.
In wider markets, the dollar was on the defensive and gold held near a record high as possible further Federal Reserve moves to increase money supply weighed on the U.S. currency and boosted alternative assets.
An inconclusive meeting of the Kyoto Protocol's executive board, which oversees operation of the clean development mechanism, late on Friday delayed key decisions including whether to approve a modern coal plant for such incentives.
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