CARBON TROUBLE

Carbon markets around the world are in serious trouble after a spate of scandals, fraud and outright criminal theft. And recently the integrety of the highest level credits have been thrown into doubt as 'recycled' credits (Certified Emission Reduction unitis or CERs) were sold by an Eastern European government.

The nascent New Zealand and Australian markets face tough challenges with the support for carbon cap-and-trade around the world dissolving. The chances of an American cap-and-trade system seem farcical in light of the economic crisis.

If you would like to hear more on this, please do contact me.

Daniel Butler