JoNova’s post tells the story of the downhill run for carbon trading.
The collapse of the Man-Made Myth continues apace. You may not read headlines as such (at least not in major dailies) but all the signs are there.
People who we never would have imagined speaking against the Big Scare Campaign are now doing so. Key glaciers are not melting and corals are happy. Governments won’t tell you it’s over, but they are behaving that way (the Australian one excepted, due to an election fluke that gave the Greens the balance of power). The Catholic Herald headlined it: Is the ‘anthropogenic global warming’ consensus on the point of collapse?
Source Barchart.The last year of carbon trading in EUR’s continues to fall. (Click to enlarge).
Mini update: The carbon market is being referred to as “dead”. Johannes Teyssen, chief executive of Germany’s EON, urged policymakers to make fixes. “Let’s talk real: the ETS is bust, it’s dead,” Mr Teyssen said in Brussels this week, adding: “I don’t know a single person in the world that would invest a dime based on ETS signals.” [full story: Financial Times]. Point Carbon analysts have downgraded the forecast price of carbon credits for the second time in two months as the carbon market continues to slide. What was estimated to be 12 Euros, has fallen to 9 euros for 2012, and 8 euro’s for 2013. It’s a long way below $23, set by our Australian “free-market-lovin’-Labor-Party”. (If only they knew what a free market was.)
Related articles
- Warning on ‘dead’ EU carbon market ‘meddling’ (junkscience.com)
- Barclays Closes US Carbon Desk is Southern Company’s Mississippi Power Latest Cap-And-Trade Setback (mississippicoal.wordpress.com)
- What are carbon markets? (greenanswers.com)
- So, how’s that ‘Durban boost’ in carbon trading going? (junkscience.com)
The GOLDEN RULE 