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Market Confidence Low: Carbon Credits now worth 25 cents, were at $7 in 2008

Posted By admin On September 10, 2009 @ 3:30 am In Sci Tech | Comments Disabled

Watts Up With That? [1]
Thursday, Sept 10th, 2009

From Tom Nelson: Plunging prices at the Chicago Climate Exchange [2]

Market Confidence Low: Carbon Credits now worth 25 cents, were at $7 in 2008 [3] click for larger image 

ABOVE: CCX CFI End of Day Summary: Offsets now selling for 25 cents each [4]

Back on September 2nd, 2006/2007 instruments were selling as low as 20 cents and held that way until Sept 8th. So this is a boost. See the table below. Zimbabwe money notes are doing pretty well on Ebay [5]. Right now they are actually more valuable than carbon credit notes. 

Market Confidence Low: Carbon Credits now worth 25 cents, were at $7 in 2008 [6] click for larger image 

[2008: Offsets were selling for over $7 each] [7]

Market Confidence Low: Carbon Credits now worth 25 cents, were at $7 in 2008 [8]

[Spin from Sept 9, 2009]: “Carbon market evolving” [9]

“The U.S. appetite for carbon trading is strong CCX is now trading 3,000 to 5,000 contracts per day, with 20 percent of the largest carbon dioxide-emitting utilities in the U.S. participating; 11 percent of the Fortune 500 companies; and 17 percent of the Dow Jones Industrials companies.”

A recent Congressional Budget Office study projected that carbon offsets could be a $60 billion market in 2012, on a par with U.S. corn and wheat markets, and “as it grows beyond that, it will make forestry mitigation opportunities more important,” says Jeffrey O’Hara, senior economist, Chicago Climate Exchange (CCX).

Market Confidence Low: Carbon Credits now worth 25 cents, were at $7 in 2008 290509banner [10]


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URL to article: http://www.prisonplanet.com/market-confidence-low-carbon-credits-now-worth-25-cents-were-at-7-in-2008.html

URLs in this post:

[1] Watts Up With That?: http://wattsupwiththat.com/2009/09/09/market-confidence-low-carbon-credits-now-worth-25-cents-were-at-7-dollars-in-2008/

[2] Plunging prices at the Chicago Climate Exchange: http://tomnelson.blogspot.com/2009/09/plunging-prices-at-chicago-climate.html

[3] Image: http://wattsupwiththat.files.wordpress.com/2009/09/chicagoclimateexcapture.png

[4] ABOVE: CCX CFI End of Day Summary: Offsets now selling for 25 cents each: http://www.chicagoclimatex.com/market/data/daily.jsf

[5] doing pretty well on Ebay: http://shop.ebay.com/?_from=R40&_trksid=p3907.m38.l1313&_nkw=zimbabwe+money&_sacat=See-All-Categories

[6] Image: http://wattsupwiththat.files.wordpress.com/2009/09/chicagoclimateexcapture2.png

[7] [2008: Offsets were selling for over $7 each]: http://www.chicagoclimatex.com/market/data/summary.jsf

[8] Image: http://wattsupwiththat.files.wordpress.com/2009/09/chicagoccxgraph.png

[9] [Spin from Sept 9, 2009]: “Carbon market evolving”: http://southeastfarmpress.com/markets/carbon-offsets-0909/

[10] Image: http://www.efoodsdirect.com/ammo-food.html?aid=14&adid=5

[11] Carbon Credit Market Imploding: CCX now 10 cents a tonne: http://www.prisonplanet.com/carbon-credit-market-imploding-ccx-now-10-cents-a-tonne.html

[12] US Carbon trading – not worth a plug nickel: http://www.prisonplanet.com/us-carbon-trading-%e2%80%93-not-worth-a-plug-nickel.html

[13] Carbon trading fraud in Belgium – “up to 90% of the whole market volume was caused by fraudulent activities”: http://www.prisonplanet.com/carbon-trading-fraud-in-belgium-%e2%80%93-%e2%80%9cup-to-90-of-the-whole-market-volume-was-caused-by-fraudulent-activities%e2%80%9d.html

[14] EU Carbon Credit trading takes a dive. In Greece, they can’t hardly give EU carbon credits away: http://www.prisonplanet.com/eu-carbon-credit-trading-takes-a-dive-in-greece-they-can%e2%80%99t-hardly-give-eu-carbon-credits-away.html

[15] Obama Administration Spends $17.4 Million to Explore Market for Carbon Credits: http://www.prisonplanet.com/obama-administration-spends-17-4-million-to-explore-market-for-carbon-credits.html

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