Carbon Trading, strong nerves, deep pockets required.
European corporate trading of CDM credits has come to a complete standstill as buyers and sellers of carbon credits await the release of further figures of carbon emissions from the remaining EU countries including the UK. As a result the price remains stable (and is effectivel zero) whilst no trading is taking place.
The price which was over Euro 31 .2 seven days ago went as low as Euro11.20 and has rebounded slightly to Euro 12.40. Curious how there is nothing in the MSM about the complete shambles the market is and how the spivs of Leadenhall Street have run off with the money.. not to mention the past energy price rises ... and the furture rises to heal those terrible holes in the German Utilities Balance Sheets.
If of a Humourous disposition read "Impact of the EU ETS on Electricity Prices" Ilex Energy Consulting Lord Patel trembles to think what this crock of shit cost the taxpayer.
On their website they claim...
ILEX has projected the value of carbon allowances in the EU ETS through to 2008 for a number of clients, including the UK government and commercial companies.... that must make fascinating reading.
I am partucularly impressed by this model of the market ..
The deliberate mistake being the impact of an EXCESS of allowances.
1 comment:
Pub in Kabul ?... shirley you know I am a tea total drinkist? As an ex patrol leader and Queen's Scout I would never be seen in public with the Life of BP which attempted without the slightest evidence to say that he was a homosexualist who had an "unnatural " interest in little boys. My suspicions multiply.
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