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European carbon market suffers in annus horribilis
http://news.yahoo.com/european-carbon-market-suffers-annus-horribilis-203845525.html[font face=Times,Times New Roman,Serif][font size=5]European carbon market suffers in annus horribilis[/font]
By Anthony Lucas | AFP
[font size=3]Europe's market in carbon emissions is hoping for outside help after a year in which prices slumped to record lows, savaging claims that trading in CO2 brakes the rise of dangerous greenhouse gases.
Launched in 2005 and accounting for 97 percent of global carbon commerce, the European Union's Emissions Trading Scheme (ETS) is the big daddy of initiatives which harness the power of the market against carbon dioxide.
Under it, some 12,000 plants have been given CO2 quotas.
…
After fluctuating in the past few years between 15 and 25 euros (19.5 and 32.5 dollars) per tonne of CO2, carbon crashed in 2011. Last week, it was changing hands at 6.5 euros (8.45 dollars) a tonne, the lowest on record.
…[/font][/font]
By Anthony Lucas | AFP
[font size=3]Europe's market in carbon emissions is hoping for outside help after a year in which prices slumped to record lows, savaging claims that trading in CO2 brakes the rise of dangerous greenhouse gases.
Launched in 2005 and accounting for 97 percent of global carbon commerce, the European Union's Emissions Trading Scheme (ETS) is the big daddy of initiatives which harness the power of the market against carbon dioxide.
Under it, some 12,000 plants have been given CO2 quotas.
…
After fluctuating in the past few years between 15 and 25 euros (19.5 and 32.5 dollars) per tonne of CO2, carbon crashed in 2011. Last week, it was changing hands at 6.5 euros (8.45 dollars) a tonne, the lowest on record.
…[/font][/font]
