25 Nov '11, 1am

Carbon markets plumb new depths as price falls below €8 a tonne

Carbon prices dropped to record lows this week on the back of continued uncertainty in the Eurozone and mounting fears of an oversupply of EU approved carbon allowances. EU Allowances (EUAs) were selling for €7.80 yesterday morning, while permits from the UN's Clean Development Mechanism offsetting scheme dropped more than 10 per cent to €5.30. FURTHER READING NER300 sale to proceed, despite plunging carbon prices Figueres calls on businesses to break “vicious cycle” of climate inaction Carbon credits in the EU's emissions trading scheme (EU ETS) have lost about half their value since the debt problems in the Eurozone first began to impact markets in June. The recent bear run has prompted banking giant UBS to predict carbon prices could fall to just €3 a tonne, and many traders are expecting the downward spiral seen throughout the second half of this year to continue. "I t...

Full article: http://www.businessgreen.com/bg/news/2127634/carbon-marke...

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Cap and Trade Dead?? Carbon Under 8 Euros!!

Cap and Trade Dead?? Carbon Under 8 Euros!!

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with failure is to misunderstand the purpose of cap and trade. It is not designed to make fossil energy more expensive, bu...

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@shizzlewizzle That price not bad for a polaroid, memang ard that range.

@shizzlewizzle That price not bad for a polaroi...

ascentee.livejournal.com 28 Nov '11, 7pm

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Black carbon - @UNEPandYou explains how addressing it can help save millions of tonnes of Co2 #COP17 #climatesolutions

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