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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]

ChicagoClimateEXCapture [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. 

click for larger image [6] click for larger image 

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

ChicagoCCXgraph [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).


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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

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