The party is over

Discussion in 'Current Events' started by Mr.Fitnah, Dec 22, 2009.

  1. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    Carbon prices fall in wake of Copenhagen
    By Chris Flood and Fiona Harvey
    Published: December 22 2009 02:00 | Last updated: December 22 2009 02:00
    Carbon prices plunged yesterday in the aftermath of the Copenhagen conference on climate change, dealing a blow to the credibility of the European Union's carbon-trading scheme.

    Prices for carbon permits for December 2010 delivery, the benchmark contract for pricing European permits, dropped nearly 10 per cent in early trading, before recovering to end the day 8.3 per cent lower at €12.41.

    Lower prices give companies less incentive to invest in cutting their greenhouse gas output. Analysts estimate that prices of more than €40 a tonne are required to stimulate investment in new low-carbon technologies.

    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.

    FT.com / UK - Carbon prices fall in wake of Copenhagen
     
  2. JenyEliza
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    JenyEliza Princess of Rhetoric

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    Does this mean that diamonds will become cheaper? Afterall, they're just carbon. ;) :D
     
  3. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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  4. garyd
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    garyd Senior Member

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    Europe cabon lying scheme has been a disaster. In fact the US without one has reduced it's per capita carbon foot print at a much faster rate than Europe with one. Even with out Obama Cap and tax scheme Both Indoia and China will far surpass the US' carbon out put by 2015 and China is almost certainly on Par with the US sense the recession began.
     
  5. asaratis
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    asaratis Uppity Senior Citizen Gold Supporting Member Supporting Member

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    Is Al Gore's net worth decreased by the falling prices?
     

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