It’s just another day
tracking the decline of the global warming meme.
Things were so pear-shaped
for global carbon trading markets in 2012 that the World Bank canceled its annual State of the Carbon
Market report. But how bad were
they? In their last report in 2012 the grand global total was $176b USD for the
2011 year. Since the World Bank figure are not publishing their tally any more,
I’ve switched to the Reuters Point Carbon figures instead, which are issued in
Euro.
Rather devastatingly, despite
the fact the FTSE grew 6% in 2012 and Euro Stoxx grew by 13% in 2012, the global carbon market (which is mostly an EU market) fell by a
whopping 36% in 2012. Money printing is running rife and new money is pouring into asset
markets worldwide, yet globally the money is running from invisible, portable,
pointless carbon certificates. We are past the peak, and over the hill. This
parrot is almost dead.
Back in the heady days of
2008 the growth was described as “explosive” and it was predicted it would grow
to $1.2 trillion by 2020 (about 880 billion €) .....To Read More......
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