Prop 23 Update: EU Carbon Trading Is Over, CA Launching Carbon Trading

Russ Steele

While CARB plunges forward to implement cap and trade carbon trading in California the market for carbon in the EU has plunged to near zero due to the lack of demand.

Bavaria’s stock exchange will abandon its carbon emissions certificate trading operations in the EU-traded CO2 market on June 30 after volumes in Europe “plunged to practically zero” in recent months, it said on Tuesday. Reuters, 22 May 2012

When the Chicago Carbon Exchanged closed, a BBQ briquet was worth more than a ton of carbon. How can CARB be selling carbon at $30 a ton when the world market has collapsed? Only in the land of fruits and nuts.

 

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

3 Responses to Prop 23 Update: EU Carbon Trading Is Over, CA Launching Carbon Trading

  1. gjrebane says:

    “How can CARB be selling carbon at $30 a ton when the world market has collapsed? Only in the land of fruits and nuts.” No, only with a gun.

  2. Dixon Cruickshank says:

    I bet Mary still has some Pokemon cards too

  3. Arthur M. Day. says:

    ProctoCraniosis works in strange ways, it’s debacles to perform.

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