European carbon allowance, new record price !

[razzleberry]

http://www.climatecorp.com/pool.htm

0.13 euro, per metric ton of co2.

Congrats to all concerned.

[Dogmudgeon]

1. Congrats?

This is going to turn into the biggest governmental cash giveaway in history -- and it will be world-wide.

And guess which classes won't be cut in on the action.

--p!

[fazoolius_2006]

4. You are correct sir

Carbon credits are such a sham!

[philb]

2. Futures price is 21.80/ ton; current allowance program ending and being phased out

the futures price is for the new phase of trading.

[razzleberry]

3. phase one, is a flop

I am sure some things were learned in phase one, but,

I still see at least two fundamental problems...

there is a potential for a seemingly infinite amount
of so-called 'carbon-offsets', thus
negating the need to reduce carbon use.

the allocation process for allowances, is essentially a
giveaway of money, with the decision made by
some mysterious group people.
how the F*** can that possibly work?

....................................
note that there are two arbitrary giveaways.

the EU gives allowances to member states,
using &^%^**%^%^???? as methodology to decide
who gets what,

the countries give allowances to users,
using &^%^**%^%^???? as methodology to decide
who gets what,