Cap-and-ban could kill carbon market, warns broker
14 Aug 2009
An artificial cap on carbon prices and a ban on international sales of New Zealand credits will effectively kill the development of the carbon market, says trader Nigel Brunel.
Speculation is building that the Government intends taking these actions – and possibly offering government AAUs for sale at the capped price - as a way of limiting the financial impact of the emissions trading scheme on heavy emitters.
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Story copyright © Carbon News 2009
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