22
Dec
Dec
Carbon prices say it all: Copenhagen was a failure
Carbon prices fell 8.3%, signaling traders have lost confidence in the credibility of the European Union’s carbon-trading scheme.
Carbon traders blamed the price fall on the Copenhagen conference, which produced an accord among the world’s biggest developed and developing countries to limit their greenhouse gas emissions, but omitted details on what those limits would be. Governments now have a month to submit formal pledges on how far they will reduce their carbon output.
Oops.
Full story: Financial Times | Discuss: here
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