The price of carbon has fallen to a mere €0.06, just under 7 months since it first slipped below the €1 mark.
Could it actually touch Zero? Will it break software if it does?!
Technorati Tags: price of carbon, CO2, Carbon, Carbon Dioxide, Carbon Credits, EU

Bloomberg reports that the largest Brazilian city will be selling Carbon Emission Permits for the first time on the 27th September. An equivalent of 808,450 tons of CO2 in permits gained through the city’s Clean Development Mechanisms will be sold, with a minimum bid price that will be set at a 40% discount rate of [...]

The FT reports how carbon traders and green groups announce fears that the proposal to include woodland within the EU’s Emissions Trading Scheme could pose a threat to the market.
“Under the proposed plan, forests and other land would be credited as stores of carbon, allowing landowners to sell the resulting permits on to factories that [...]

Last week’s Economist magazine had a thoughtful article about the slow growth of the European Emissions Trading System, here.
“Last year, after the price of European allowances plunged, New Carbon Finance, a research firm, and Cantor CO2e, a brokerage, surveyed 452 participants in the ETS. The price had fallen because it had become obvious that governments [...]

The second phase of carbon trading is coming under way for the period 2008-2012 introducing tougher allocations of carbon credit: most countries will be given 10% less credits than in the first phase of the ETS.
This is a relief since the over-allocation in the first phase, but countries and companies alike are already complaining.
The Czech [...]