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Chicago Climate Exchange drops 50%, new record low

Watts Up With That [1]
Wednesday, September 1, 2010

RELATED: The Great Collapse of the Chicago Climate Exchange [2]

The only lower price than today’s closing price on a ton of carbon is ZERO

[3] [4]

Perhaps reacting to the news yesterday about the IPCC getting taken to the woodshed [5], the growing number of stories in the MSM [6] about the IPCC failure, and the recent layoffs at CCX [7], carbon trading has once again been devalued by the market. Amazingly, it lost 50% of it’s value for 2006, 2007, and 2008 “carbon instruments” today. Here’s the CCX front page [8] graph at closing today:


The CCX end of day table [10] really says it all, 50% off, from a dime to a nickel in a day:

[11]CCX end of day, August 31, 2010

  • A d v e r t i s e m e n t

It must have really killed the person to have to put in a nickel for the closing value today.

Charcoal briquettes [12] and coal [13] have more value than a ton of CCX carbon instruments these days.

Unless CCX starts making adjustments in single cents, the next downward adjustment is zero. The latest CCX advisory [14] says they will be closed for labor day, and will reopen for trading September 7th. One wonders.