CEZ’s share price fell yesterday to a four-year low of 622 CZK after a committee of the European Parliament voted against a delay in selling carbon allowances, local press wrote. Prices of the carbon credits fell to a record low, although the decision by the EU Parliament is not final. / The environment committee is leading work on the draft measure in the Parliament and is due to vote on it next month. The full assembly vote will follow in March at the earliest. Falling CO2 permit prices are directly linked with German electricity prices that has fallen to new record lows as well. The selling pressure on CEZ shares may persist short term in our view.