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Carbon Credit Market Imploding: CCX now 10 cents a tonne

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Watts Up With That?
Friday, Oct 2nd, 2009

We knew this was coming. Carbon Financial Instruments are now trading for 10 cents per metric tonne on the Chicago Climate Exchange. I wonder if the investors are reacting to the Hockey Stick Implosion news? As reported on WUWT, less than one month ago it was 25 cents a tonne, and a year ago it was over 1 dollar.  The all time high was May 2008 at over 7 dollars a tonne. Today: poof.

CCX_endofday_100109 Source: http://www.chicagoclimatex.com/market/data/daily.jsf 

Looks like there was a big sell-off today. Carbon Investor confidence must be “unprecedented”.

The chart is only a sliver from rock bottom: 

Anyone who was a founding member at 1 dollar has now lost 90% of their investment.

Tough noogies for them.

  • A d v e r t i s e m e n t

In other news, Zimbabwe dollars are still selling for higher value than CCX CFI’s  on Ebay.

I wonder if this fellow might have to drop his price for the domain name? Maybe he’d take a barter deal for some CCX instruments?


This article was posted: Friday, October 2, 2009 at 4:02 am

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