Oh that's gonna leave a mark – EU carbon trading 'worthless'

From the I’ve been telling you so for some time now department comes this headline from Bloomberg. And it is getting desperate in the carbon market. Readers may recall last week I reported two new record lows on the EU carbon price, where Friday saw a 10% drop in a single day to add to…

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European Carbon Trading Hits Another Record Low

Sluggish German economy forces EU carbon to record low 17 Jan 2013 17:26 Last updated: 17 Jan 2013 21:32 LONDON, Jan 17 (Reuters Point Carbon) – EU carbon prices hit a fresh record low on Thursday as poor economic data from Germany and relatively healthy supply of coal continued to force European power and coal…

The Global Renewable Energy Index is crashing

This is interesting, after watching the collapse in the last two years of entities like the Chicago Climate Exchange (CCX), which ended trading with a bag of charcoal briquettes being worth more than a ton of carbon futures, we have some clear evidence that the promised “green technology revolution” is headed for the scrap heap…

Quote of the Week

It is no secret that we don’t think much of carbon trading here in the USA. Witness the fact that the much ballyhooed Chicago Climate Exchange has closed up trading for good after the spot price for carbon fell to a nickel per ton. They couldn’t give it away. At that price, had they issued…

A Fertilizer Trading Market?

The last fertilizer trading market, at the Chicago Climate Exchange, died and closed due to nobody wanting to buy the brand of fertilizer they were selling. Besides that example, I have to think this might not fare any better, simply because farmers really don’t want yet another intrusion into their lives by the Maryland Department…