USA'S CO2 BUBBLE HAS BURST

CLIMATE WIRE:

The failure of greenhouse gas emissions regulations to pass through Congress and the steep global recession dealt a severe blow to the nascent market for trading in offset credits in the United States, as seen in data released yesterday by a top carbon market information firm in a new report.

Carbon offsetting in the United States continued to expand as more projects came online and more credits entered the market, said the carbon market information firm Point Carbon.

But the value of voluntary offset credits sharply declined, likely pulling the entire industry's value down to record lows as prices for the three most popularly traded credits fell the hardest.

THE CO2 BUBBLE HAS BURST.

YEAH BABY!

AGW IS DEAD.