Report: EU warned off carbon market manipulation

What’s the difference between carbon dioxide and green integrity?

The Financial Times reports:

Europe’s largest employers’ group has warned against meddling in the carbon market to prop up sagging prices, just a day after one of the continent’s top energy executives declared the market “dead” and demanded urgent intervention to save it.

In a letter to parliament released on Wednesday, Philippe de Buck, president of BusinessEurope, warned that moves to withdraw carbon permits from the market to bolster prices “would, if implemented, create further uncertainty and price volatility, and establish a risky precedent of rapid political interference in the market”…

Read the entire FT report.

Answer to question: While both are invisible, at least CO2 actually exists.

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