Editor's letter: a crisis of confidence in carbon markets?

Stella Farrington - Editor - Energy Risk

The price of carbon hit all-time lows last month and, at around €7, carbon credits under the European Union Emissions Trading Scheme (EU ETS) are currently well below the €20–30 that experts estimate is needed to stimulate investment in clean technology. The eurozone debt crisis and fragile European economy will continue to exert downward pressure on carbon prices for some time, while a lack of agreement on a new, legally binding Kyoto protocol isn’t adding to confidence in the future of emissio

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