...is underway, and with it the hopes of the idealists and swindlers who hoped to change the world. This, from Reuters, spotted by sharp eyed commenter anon. is, as he describes "a game changer..."LONDON, Nov 18 (Reuters) - European Union carbon prices could shed some 70 percent from current levels, as the bloc struggles with a mounting debt crisis and a glut of supply in the carbon market is unlikely to disappear until 2025, analysts at UBS said.
The investment bank also said the EU emissions trading scheme (ETS), the 27-nation bloc's main policy tool to fight global warming, "isn't working" because carbon prices are "already too low to have any significant environmental impact."
"We expect the recent carbon-price decline to escalate into a 'crash' as carbon market supply should double over the coming months," UBS analysts wrote in a Thursday statement to clients...More here...
...and to finish, more re Green Party "baseless scaremongering" from The UK Guardian's George Monbiot...The Green party adviser's theories on the Fukushima nuclear disaster and a 'leukaemia cluster' in north Wales are baseless scaremongering... When I phoned Busby to ask him some questions about these issues, his responses were less than enlightening. He began as follows: "You can fuck off frankly." More here...
