Carbon trading 'undermined by boom and bust’
24 Mar 2009
A shake-up in the way the "boom and bust" carbon markets are working in Europe is being urged ahead of tomorrow's auction of new emission certificates by the UK government.
The Carbon Trust, which is sponsored by government money, and the consultancy PricewaterhouseCoopers argue that controls might have to be put in place to prevent the EU's emissions trading scheme being discredited by a further collapse in prices, which have already slumped from 30 euros per tonne to just over 10 euros.
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