| Barcelona has seen more raucous partygoers, but the sharp suits drinking in the beachfront Carpe Diem bar last week were in bullish form. Wine, beer and champagne flowed as carbon traders from around the world gathered on the final night of industry fair Carbon Expo to toast what many think could be their finest hour.
Many of their colleagues have fallen in the past few years, brought low by the twin woes of the EU’s emissions trading scheme and the UN’s Clean Development Mechanism. Both heralded a new dawn of market-based climate policies. Both were found wanting. The price of EU and CDM credits don’t lie. Nor does the string of bust companies...............................................Full Article: Source
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