Monday, November 28, 2011

Cue the violins: "I look at the [carbon dioxide swindle price] in the morning and don't want to get out of bed," said a London-based emissions trader.

gulfnews : Low carbon prices killing planet

A European steel plant producing a tonne of steel pays as little as $12 (Dh44) for the resulting carbon emissions, spelling trouble for Europe's carbon emissions trading scheme, the world's largest...Climate negotiators meeting in South Africa this week face fresh worries over saving the planet from global warming now that a tonne of carbon trades at the price of a pizza.
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"I look at the price in the morning and don't want to get out of bed," said a London-based emissions trader.

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