Durban COP17 realities revealed in collapsing Euro carbon price
December 16th, 2011 by Warwick HughesThe one year chart of ICE ECX EUA Futures just says it all about what was achieved at the Durban climate talkfest.

Our GreenLeft Canberra Govt recently set a carbon price @ AU$23 = currently EU17.5. – which is about 2.7 times the current European carbon price. So I hope anybody thinking of buying Australian Carbon Credit Units or spending money setting up a Carbon Farming scheme – thinks very carefully about the value of the product.
Posted in IPCC, Resources | 4 Comments »
December 16th, 2011 at 7:42 am
But Warwick,
you’re talking about real world prices that apply on THIS planet.
December 16th, 2011 at 9:20 am
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December 16th, 2011 at 2:35 pm
Just saw this on the NZ Herald website – “Don’t fret, global warming’s a goner”
December 22nd, 2011 at 12:34 pm
How about manipulation.
“In a non-binding vote, the parliament’s environment committee agreed to broad support for lowering the number of carbon emission allowances from 2013. European carbon prices jumped 30 percent almost immediately after the vote…”
That should kill off any chance of the EU avoiding recession if it goes through.
The only saving grace is “member state governments are required to debate the deal.” I should imagine that the debate will involve some fairly strong language about economic illiterates.