Repair your carbon credit, cheap
February 27, 2007 8:11 PM Subscribe
December 2006: carbon credit market to crash-land? One problem, most of the countries submitted emissions plans that allocated permits for more than is currently being emitted--in other words, instead of reductions, they proposed increases. Collectively, EU countries have allocated permits allowing emissions 15 percent higher than actual emissions. February 2007: Splat. The collapse in the price of a tonne of carbon dating back to May last year when it emerged that most countries in the scheme had set their carbon caps far too high, resulting in fewer firms than expected having to buy credits and causing the price of a tonne of carbon to plummet from over €30 to less than €10. SPLAT!
: A year ago, CO2 was changing hands in the ETS at 30 euros (33 dollars) a tonne, triple that at the market's launch in January 2005. Today, a tonne of CO2 can be bought for little more than one euro.
I'm a good greenie, I'm buying enough credits to offset my coal-fired barbie and my Bradley Shopping Vehicle for the rest of eternity. That should cost me about fiddy cents. (Buy yours here
posted by jfuller (18 comments total)
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