“”Dramatic”, “enduring”, “meltdown” – the words used by leading analyst firm Thomson Reuters Point Carbon to describe the continued slump in global carbon prices could not be starker.”
European carbon price ‘inching ever closer to zero’
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Get it while it lasts! A one-tonne carbon credit! Only one Zimbabwean Dollar!
I have thought of trying to buy some, as collectors’ items. Though I don’t know how I’d explain it to my grandchildren.
When the price drops below zero, I am going to let them send me a dollar plus a few of the credits..
When it hits bottom, that’ll be the signal for BHO & the MSM to push full-bore for the US to adopt the trading scheme.
This is a classic case of markets, as represented by price, being smarter than the humans participating in them.
We’ve managed to waste fiat money on a fiat commodity.
That’s reminds me, I need to get my old sports car running again. Wasting money on a Fiat.
Exactly, Jim. The carbon trading scheme has, at best, rearranged resources through a completely fake commodity. At worst, it has deprived the poor of the means of sustenance and basic comfort.