_Economy and Finance

Carbon Markets Threatened If EU Backload Plan Fails, CEPS Says By Mathew Carr Europe will struggle to convince the rest of the world that carbon trading is the best way to tackle climate change if a plan to revive the price of the region’s permits fails, said the Centre for European Policy Studies.

February 7, 2013 Global Carbon Market Value Drops 35 Percent The value of global carbon markets fell 35 percent to €62 billion ($84 billion) in 2012, largely due to an oversupply of credits, according to analysis from Thomson Reuters Point Carbon.

EU Carbon Market Is at Risk of Total Collapse, Lawmaker Says By Ewa Krukowska - Jan 22, 2013 The European Union’s emissions trading system, the world’s largest, is at a risk of “total collapse” and a draft measure to fix it must become a top priority for governments, a member of the EU Parliament said. http://www.bloomberg.com/news/2013-01-22/eu-carbon-market-is-at-risk-of-total-collapse-lawmaker-says.html

China has the capacity to lead in carbon trading Pilot schemes launched this year could be the start of a world-class system — if the country can solve its data-gathering problems, says Qiang Wang. 15 January 2013 The value of the world’s carbon market fell for the first time last year. More than one-third was wiped from the price of carbon credits in a plunge that reflects the continued global economic crisis and uncertainty over the future of emissions-trading schemes. http://www.nature.com/news/china-has-the-capacity-to-lead-in-carbon-trading-1.12212

Carbon markets Complete Disaster in the Making The world’s only global carbon market is in need of a radical overhaul Sep 15th 2012 | WHAT would you say about a market that has helped reduce carbon emissions by a billion tonnes in seven years, attracted $215 billion of green investments to developing countries (more than any private environmental fund) and cut the cost of climate-change mitigation by $3.6 billion? The answer, to judge by a United Nations panel looking into the workings of the Clean Development Mechanism (CDM) is: you’d say it is a shambles.