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Keyword: eucarbon

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  • EU Refuses to Resuscitate Its Dying Carbon Market

    04/25/2013 6:20:08 PM PDT · by Rocky · 9 replies
    The American Interest ^ | April 16, 2013 | Walter Russell Mead
    The European Parliament just voted down a measure that would have attempted to revive its carbon market, likely dooming it to a slow and undignified death. This was a last-ditch effort to drive the EU’s carbon price back to a level that would incentivize green reforms. And it failed. --------------------------------------------------- The EU has been the global laboratory testing the green agenda to see how it works. Today’s story means that the guinea pig died; the most important piece of green intervention in world history has become an expensive and embarrassing flop. It’s hard to exaggerate the importance of this for...
  • Eu Carbon price loses 40% of its value in one day

    01/24/2013 11:57:20 AM PST · by Ernest_at_the_Beach · 19 replies
    Watts Up With That? ^ | January 24, 2013 | Anthony Watts
    What today’s closing graph may look like: A Tiljander-Mann hockey stickHmmm, 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 13:44LONDON, 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 Parliament’s industry committee voted against a plan to rescue the ailing market.  http://www.pointcarbon.com/news/reutersnews/1.2151825==============================================================Yesterday’s close was 4.74 euros. The market hasn’t closed yet, so there could be some...