Australian carbon market does a disappearing act
12 May 2009
The delay in the Australian Government's proposed emissions trading scheme had an immediate, but virtually unreported, effect on financial markets, says the Australian.
Within minutes of the announcement last Monday, the year-old national carbon market simply evaporated into thin air and electricity prices for delivery after the scheme's former starting date of July 2010 fell 10 per cent, as the carbon price was quickly extracted.
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