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The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
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EU moves to shore up price of carbon emissions

EU moves to shore up price of carbon emissions | The Great Transition | Scoop.it
Changes to emissions trading scheme are not the large-scale reforms that campaigners and green businesses had urged...

 

Disappointing proposal from the divided EU Commission: the final nail in the coffin of the emissions trading scheme?

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UBS analysts predict collapse in EU CO2 permits

(Reuters) - European Union carbon permits, which have shed more than 40 percent since June, could plunge further as the bloc struggles with a mounting debt crisis and a glut of supply in the carbon...

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Carbon: What price simplicity?

Carbon: What price simplicity? | The Great Transition | Scoop.it
Is there a simpler way to put a price on carbon emissions than unwieldy trading schemes?

BBC's Richard Black looks at the EU's Carbon Emissions Trading Scheme (ETS) and a better alternative.

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Falling EU carbon prices reflect political doubts

A Reuters analysis of the EU's failing carbon market:

"The EU emissions trading scheme (ETS) has demonstrated that the knack of achieving a small EUA short -- not too short to cripple industry nor long rendering the scheme useless -- is a difficult balancing act.

It may represent a critical flaw in carbon markets over a technically simpler but politically unpalatable carbon tax."

When will the EU understand that its market-based approach does not worl?

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Hot Air Rises But Carbon Markets Fall

"The potential for carbon finance to hit a final limit to its credibility, and implode in 2012 is high and rising", says Andrew McKillop at the Market Oracle.

 

Another very pessimistic analysis of the EU's climate change flagship, the carbon emissions trading scheme.

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More downside risk seen for hard-hit EU carbon market

More downside risk seen for hard-hit EU carbon market | The Great Transition | Scoop.it

(Reuters) - "Prices of European Union carbon permits have shed a third of their value since the start of the year ..."


Another big victim of the Eurocrisis.

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New Report: Finance sector lobbyists undermine Europe's carbon trading system

"Although the lobbyists look to be losing some of these battles, plenty of loopholes remain in the financial regulation of the carbon market. More fundamentally, emissions trading introduces speculation by design and has failed to meet its stated objectives. There is a need to de-financialise climate policy."

http://www.corporateeurope.org/sites/default/files/publications/LettingTheMarketPlay.pdf

 

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EU carbon price ‘should be €40-60t’

EU carbon price ‘should be €40-60t’ | The Great Transition | Scoop.it

"Carbon allowances should cost at least €40 ($54.57) each, according to the long-term fundamentals of the EU Emissions Trading System (ETS), says analysis firm Bloomberg New Energy Finance (BNEF)."

 

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