| Sourced From It’s Getting Hot In Here |
Hot on the heels of Obamas statements that a carbon market similar to the European Unions greenhouse gas regulatory scheme would be centerpiece to his climate policy, Friends of the Earth has released a great overview of the proposals on the table.
The European Energy Exchange and Eurex achieved the highest monthly trading volume to date in October for their jointly-operated market for carbon dioxide emission rights, with European Union emission allowance (EUA) futures equivalent to 16.7 million tonnes of carbon dioxide, 17 times higher compared than the equivalent of 977,000 tonnes in October 2007 and up by 90 per cent compared with the previous record month, August.
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