Monday, 10 November 2008

...an interesting development...

...WHILE you were distracted by elections, crashing banks and clashing US senators, you may have missed a small environmental earthquake.
The price of carbon has collapsed.
In only three months, life has become a lot cheaper for polluters. The financial cost of warming the planet has plummeted in Europe's emissions trading system (ETS) and the effectiveness of such a volatile market mechanism in curbing carbon is being questioned...

More here...

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