This report is from Europe via The Times Online. Meanwhile back here in the USA, the Chicago Climate Exchange (CCX) is going through a record period of low price (ten cents a metric ton) and extended lull in trading:
Magnified view from CCX main page
“Dead” is a word that might describe trading on this exchange.
Maybe it has something to do with the members of the advisory board? On it we find Ed Begley Jr., Joe Kennedy II, and Dr. Rajenda Pachauri. With a team like that, how could it fail? The real problem with carbon credits is that there’s nothing tangible to trade. It’s all spun from thin air, literally. At least if you trade pork bellies, corn, wheat, or even orange juice, there’s something tangible that will eventually be delivered somewhere – Anthony
Via The Times Online: Chaos on carbon market over ‘recycled’ permits