Carbon Finance: Recessionary pressures have led carbon prices to record lows this week, threatening the viability of the Clean Development Mechanism. EU allowances (EUAs) have traded as low as 10.81 ($14), on 20 January on the European Climate Exchange, while secondary certified emission reduction (CER) prices have touched 9.50 – on a par with primary CER prices. Market participants point to industrial selling in the spot market as being the main factor, as industrial players offload unneeded EUAs …