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 [...]
Clive Crook has an interesting article in today’s FT about the absence of non-scientific expertise, and the dismissal of dissenting views, by the panjandrums of the UN Intergovernmental Panel on Climate Change (IPCC):
“For the rest of us, however, this is a pity - because to put it bluntly the IPCC deserves the [US] administration’s disdain. [...]
According to a report in the FT, UBS is planning to launch a new automated trading fund for commodities.
“The UBS Commodities Portfolio Algorithmic Strategy System aims to fill a gap in the market between the long-only passive indices, such as the popular S&P GSCI – which has about $70bn tracking it – and services provided [...]
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 [...]
The price of carbon has once again hit a new low, closing today at just €0.16 - the lowest since the introduction of Carbon Trading began.
Will it continue to fall, could it reach zero? Only time will tell.
Technorati Tags: carbon, Carbon Trading
