Skip to comments.Eu Carbon price loses 40% of its value in one day
Posted on 01/24/2013 11:57:20 AM PST by Ernest_at_the_Beach
Hmmm, looks like they might read WUWT, that headline below looks familiar.
CO2 prices in freefall as traders despair over EU vote
24 Jan 2013 11:26 Last updated: 24 Jan 2013 13:44
LONDON, Jan 24 (Reuters Point Carbon) European carbon prices went into freefall on Thursday, dropping 40 percent at one point to a record low 2.81 euros, after members of the EU Parliaments industry committee voted against a plan to rescue the ailing market. http://www.pointcarbon.com/news/reutersnews/1.2151825
Yesterdays close was 4.74 euros. The market hasnt closed yet, so there could be some rebound. I could also win the lottery today. I think not on both counts though:
EU ETS fix hangs in balance as MEPs urge rejection
24 Jan 2013 15:10
BRUSSELS, Jan 24 (Reuters Point Carbon) A proposal to rescue the ailing EU carbon market hung in the balance on Thursday as a committee of lawmakers urged the blocs parliament to reject the so-called backloading plan in a vote that sent carbon prices crashing to record lows.
UPDATE: that market has closed, and here is the news:
EU carbon prices climb back after 40 pct freefall
24 Jan 2013 17:34
LONDON, Jan 24 (Reuters Point Carbon) European carbon prices were down around 4 percent on Thursday afternoon after freefalling by as much as 40 percent to a record low 2.81 euros earlier, after EU parliamentarians voted against a plan to rescue the ailing market.
Some short term fools rushed in to hopefully make a profit. I predict a further price slide tomorrow.
Coming soon to California.....Carbon Trading that is....
They tried, only a pseudo-union-Government toady bid. It’s a disaster.
anybody get the license late of the diesel truck that just smacked ‘em? need to send a certificate of gratitude. ;-)
Man-O-Man!!! You be’s postin so much good news taday that I cain’t keep up with it!!! Keep goin though... You da MAN!!! YeeeeeeHaaaaaaa!!!
Wha zat mean???
Selling the right to breathe.
If the “Market” requires a goverment rescue then it is not a market. It’s an entitlement program for “certain” businesses.
license plate of diesel that hit ‘em. my fingers work better than my eyes sometimes. we’re wet here .. send FEMA. 8)
We are wet down here too....but it has stopped now.
There is a lot more .....but my fingers are tired....
Need to rest for awhile....LOL!
Bob commented on a thread....had choice words for the EPA.....
Mary nichols needs to join Lisa Jackson in Retirement.
Wish I’d shorted the crap out of it.
Before today though, it never would’ve occurred to me to be involved with something like that.
the battle rages on for the truckers that haul freight in and out of the ports.. more are losing of late..
as to nichols, nothing would surprise me.
dang storm is doing a stall and dribble over our area .. good thing poodles love rain.. they dry quick. :-)
Carbon? If you can’t eat it, don’t buy it
Yeah, that priceless scam carbon is the most expensive.
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