The failure of the United Nations climate summit in Copenhagen to produce a strong, binding agreement to cut carbon-dioxide emissions sowed gloom in European carbon markets Monday, with prices for carbon-emissions permits falling more than 8%.AGW = BS.
... Carbon-permit prices have fallen 14% since the beginning of the Copenhagen conference, a reflection of how expectations steadily fell as countries bickered over how much they would cut emissions and who would pay for it.
More details and link to FT article here.
CO2 = BENIGN EXCEPT AS AN INVESTMENT. AS AN INVESTMENT, IT'S BAD.
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