Free Republic

The European Parliament just voted down a measure that would have attempted to revive its carbon market, likely dooming it to a slow and undignified death. This was a last-ditch effort to drive the EU’s carbon price back to a level that would incentivize green reforms. And it failed. --------------------------------------------------- The EU has been the global laboratory testing the green agenda to see how it works. Today’s story means that the guinea pig died; the most important piece of green intervention in world history has become an expensive and embarrassing flop. It’s hard to exaggerate the importance of this for...

What today’s closing graph may look like: A Tiljander-Mann hockey stickHmmm, looks like they might read WUWT, that headline below looks familiar.CO2 prices in freefall as traders despair over EU vote 24 Jan 2013 11:26 Last updated: 24 Jan 2013 13:44LONDON, Jan 24 (Reuters Point Carbon) – European carbon prices went into freefall on Thursday, dropping 40 percent at one point to a record low 2.81 euros, after members of the EU Parliament’s industry committee voted against a plan to rescue the ailing market.  http://www.pointcarbon.com/news/reutersnews/1.2151825==============================================================Yesterday’s close was 4.74 euros. The market hasn’t closed yet, so there could be some...