January 24, 2005 October is Koufax Pledge Drive month
The Carbon Market
In today's Le Monde Cécile Ducourtieux has a piece entitled "Le marché des "droits à polluer" commence à susciter l'intérêt de la sphère financière". She has a nice graph.
Today's quota price (one ton of CO2) is €6,75 ($8.75).
It may come down to coal. The price of cleaner fossil fuels (oil and gas) has been running up for four year, so the quota price may as well.
Posted by EBW at January 24, 2005 12:27 PM | TrackBackEBW, where can I find a time-series graph of the €6,75 price?
Posted by: Peatey at January 24, 2005 04:35 PM"The price of cleaner fossil fuels (oil and gas) has been running up for four year, so the quota price may as well."
EBW, the article mentions two reasons why increase in oil prices won't lead to increased carbon price: (1) expensive fossil fuels slow down economic growth, decreasing demand for pollution credits, and (2) if cleaner fossil fuels become expensive enough, it makes financial sense to pollute and pay the fine.
Posted by: Peatey at January 24, 2005 05:20 PMPeatey,
Before today I'd no idea. That condition really hasn't changed. I figured I'd be way ahead of all the smart people if I knew that there is a carbon market, complete with prices.
Posted by: Eric at January 24, 2005 06:42 PMI don't believe that I seem to know more than you on any subject. My world is upside down! What if Bush was right all along?
Posted by: Peatey at January 24, 2005 08:28 PMOk that last post made no sense. I meant:
It is oddly disconcerting to find that I seem to be more knowledgeable in something than EBW. How could this be?
Posted by: Peatey at January 24, 2005 08:32 PMI got curious, second. Write a post. Use lots of black, carboniferous ink.
Posted by: Eric at January 24, 2005 08:47 PMof course, it's been more than 6 hours, so I assume my temporary advantage in knowledge is no longer... :P
Posted by: Peatey at January 24, 2005 10:53 PM