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Environment & Energy

NickB79

(20,286 posts)

4. The carbon credit system has collapsed

Reply to cprise (Original post)

Mon May 13, 2013, 12:57 PM

May 2013

http://www.guardian.co.uk/environment/2012/sep/10/global-carbon-trading-system

All of this has combined to bring about a collapse in the price of UN credits, from highs topping $20 (£12.50) before the financial crisis to less than $3 each today. At such rates, many potential projects are not commercially viable. Financiers and project developers have abandoned the market in droves.

Assuming free or nearly free carbon credits apparently isn't that bad of an assumption these days.

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No new coal in Germany, Holland or Spain - ? [View all] cprise May 2013 OP

In which case a lot has changed in the last 9 months dipsydoodle May 2013 #1

There's a difference FBaggins May 2013 #2

Coal use in Germany is currently increasing Yo_Mama May 2013 #3

The carbon credit system has collapsed NickB79 May 2013 #4

Nuclear fan naysaying notwithstanding, this is an excellent report. kristopher May 2013 #5