| Carbon market no safe haven yet |
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| Written by Nina Chestney, Reuters | |||
| Thursday, 09 October 2008 | |||
 New carbon commodities are government-guaranteed in the climate
change fight, but are still too complex and immature to provide a haven
for investors fleeing financial markets' rout.
Cap and trade schemes place a limit on industry emissions of heat-trapping gases like carbon dioxide, introducing a growing global trade in carbon permits worth $64 billion last year. Those limits are legally binding, and so underpin long-term demand for these new commodities and inject price certainty which looks attractive during a global stocks sell-off. But the market's relative novelty and complex regulatory framework are deterring a wave of investment for now. 3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved." |
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