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Tuesday, December 22, 2009

Carbon trading tanks on weak Copenhagen outcome

12/21, Reuters, LONDON - "The credibility of the European Union’s flagship carbon trading scheme was dealt another blow on Monday after
  • carbon prices fell to six-month lows as UN talks in Copenhagen failed to deliver a strong climate deal.

Traders and analysts say low prices could continue well into 2010, slowing investment in low-carbon technologies which have already been dented by tight financing due to a slow economy....

Reuters report by Nina Chestney from Calgary Herald, 12/21/09, "EU Carbon Scheme Reels after Weak Climate Deal,"

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