ICE daily CER price continued to fall without apparent support, dropping to 0.86 EURO (-13.13%). The market is long, industrial activity in the Eurozone looks bearish on the back of weak economic forecasts, and more Track 1 ERUs are issued by eligible countries as project owners seek to make whatever's left from the the small money left in the market at this point. There's no reason to buy carbon except to sell options or swap for small spreads. It costs more money to play a video game in an arcade for 3 minutes than it does to purchase a ton of CO2 emission reductions from the atmosphere. One would think that it should now be easier for countries to agree to a second Kyoto Protocol extension -- because carbon credits are essentially costless and look to remain so for several years -- but things do not seem to be shaping up that way.