Carbon trading tanks on weak Copenhagen outcome

• 12/14/09: Europeons lose billions in carbon trading fraud with Denmark's lax system causing most if it. GuardianUK

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....

• “This does give ammunition to the anti cap-and-trade brigade,” an emissions trader said, referring to groups who say emissions trading does not work."...

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

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