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Signs of the times

A comprehensive Energy Risk survey into emissions trading finds there is widespread confidence in the development of the market, but less conviction that the scheme will tackle global warming. Stella Farrington reports

The first quarter of trading under the EU emissions trading scheme (ETS) has been marked by a healthy increase in volume, with a daily record of 2.25 million tonnes of carbon being reached in March. Prices have also risen steeply. A tonne of carbon dioxide (CO2) for delivery at the end of 2005 is currently trading at around E14, rising from E8 where it remained stuck for several weeks at the

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