Catallaxy Files

Australia's leading libertarian and centre-right blog

Carbon credits going down in EU and NZ

11 comments

Record lows.

News on the radio this morning, overnight the EU Council refused to back the carbon credit scheme and the price halved.

Other stuff:

A mass of information on energy in Australia from the 1000 page on line resource on Australian Technology 1788-1988

Crashing wind turbines. one two three four five and plenty more of the same.

Written by Poor Old Rafe

February 1st, 2013 at 8:03 am

Posted in Rafe,Uncategorized

«
»

11 Responses to 'Carbon credits going down in EU and NZ'

Subscribe to comments with RSS or TrackBack to 'Carbon credits going down in EU and NZ'.

  1. day 2 of the election campaign. Bwaahaahaa

    Denise

    1 Feb 13 at 8:08 am

  2. What did they expect when they created a financial instrument for something with no intrinsic value?

    Token

    1 Feb 13 at 8:17 am

  3. Everyone was concerned that carbon credits would be a vehicle for fraud and what do you know, Deutsche bank is being investigated for fraud.

    Keith

    1 Feb 13 at 8:23 am

  4. What did they expect when they created a financial instrument for something with no intrinsic value?

    Profit, presumably – seems to be based on the underpants gnomes’ business model.

    Rabz

    1 Feb 13 at 8:25 am

  5. UN carbon emission reduction certificates for March dropped to €0.21/tonne earlier this month, which makes our carbon price 100 times the UN’s.

    Maybe Julia will bring this up at the next meeting of the UN Security Council, where we are a crucial participant, apparently.

    Bruce

    1 Feb 13 at 9:18 am

  6. [...] More windy fail from Catallaxy Files: [...] Crashing wind turbines. one two three four five and plenty more of the same. The article, Carbon credits going down in EU and NZ. [...]

    cash, blowing in the wind … | pindanpost

    1 Feb 13 at 10:06 am

  7. What did they expect when they created a financial instrument for something with no intrinsic value?

    …with the ability for demand and supply to be expanded or constricted by a politician writing on a bit of paper.

    brc

    1 Feb 13 at 10:15 am

  8. Coalition policy needs a short, sharp turnaround on this. They need to explicitly dump the carbon tax, the Ets and the RET, and their stupid direct action policy.

    Instead what they should do is announce new support for shale gas drilling and exploration, as bringing new natural gas projects online is proven to reduce co2 output by an order of magnitude more than anything else.

    It requires no government investment, is productivity increasing and creates jobs. And gives the ability to put the ridiculous grab-bag of anti co2 policies to the sword once and for all.

    Let the market take over – the real market, that is. Allow gas exploration and drilling and facilitate constructions of pipelines to areas of industry.

    brc

    1 Feb 13 at 10:28 am

  9. Money for Nothing, it’s not just an MTV hit anymore.

    Zatara

    1 Feb 13 at 12:54 pm

  10. What did they expect when they created a financial instrument for something with no intrinsic value?

    Ask Malcolm Turnbull. He’d have a view on this, doubltless an increasingly jaundiced one.

    Yes – soup up and serve the shale oil talk, Tone. But not in anyone’s backyard as that would scare the voting vocal local yokels. Out in the deserts.

    Elizabeth (Lizzie) B.

    1 Feb 13 at 1:51 pm

  11. Down ,down deeper and down

    chrisl

    1 Feb 13 at 4:23 pm

Leave a Reply