Prop 23 Update: Only in California – Cap and Trade Buzz
06/06/2012 1 Comment
Brad Plumer writing in the Washington Post on cap-and-trade:
‘Here in the U.S., it’s hard to find an environmentalist or Democrat who will even whisper the phrase anymore’
While the rest of the U.S. is not even whispering about Cap-and-Trade, it is all the buzz in California.
Jo Nova has some insight to EU Carbon Trading that seems to a bubble that is about to burst. California timing is perfect, an opportunity to get in on the crash and burn.
The Global Carbon Market was still growing in 2011, but not exponentially like it was from 2005 – 2009. The bad news (for carbon traders) is about to hit the fan in the next report in 2013. There is a hint of it in the page announcing the report: “the market for primary CDM has dropped to its lowest level since 2004.”