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Thread: EU Carbon Market RIP

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    Default EU Carbon Market RIP

    A moment's silence for the EU carbon market which is all but dead after the EU parliament declined to prop it up.

    EU votes against carbon market fix - FT.com

    In what some analysts fear will be a significant setback for global efforts to tackle climate change by putting a price on carbon emissions, members of parliament voted 334-315 on Tuesday against a measure known as “backloading”. This would have temporarily removed some 900m allowances from the over-supplied emissions trading system.

    The EU carbon price fell more than 40 per cent to a new record low of €2.63 a tonne as news of the result filtered out.
    Carbon industry figures said they were deeply disappointed by the result.

    “The carbon market in Europe has suffered a real blow today,” said Baroness Worthington, founder of the Sandbag carbon market monitoring group.
    Meanwhile the Irish carbon tax is €20/tonne and likely to increase in subsequent budgets. Following tradition a eurofudge may be in the works, though:

    http://www.reuters.com/article/2013/...0D31ZM20130416

    The EU's Irish Presidency said member states would keep working on a deal to support the carbon market.

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    Politics.ie Member rash mulligan's Avatar
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    Great news, yet our government plans on placing 10 euro per ton on heating fuels on the 1st of May.

    It is currently trading at less than 5 euro per tonne.

    NO CARBON TAX INCREASE !!!!!!!!!!!!

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    Politics.ie Member seabhcan's Avatar
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    Quote Originally Posted by rash mulligan View Post
    Great news, yet our government plans on placing 10 euro per ton on heating fuels on the 1st of May.

    It is currently trading at less than 5 euro per tonne.

    NO CARBON TAX INCREASE !!!!!!!!!!!!
    Where does the carbon tax money go? Just into the general Irish gov kitty?

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    Politics.ie Member firefly123's Avatar
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    Quote Originally Posted by seabhcan View Post
    Where does the carbon tax money go? Just into the general Irish gov kitty?
    Money Tree planting and prosthetic unicorn horns I believe.
    Life is hard
    That's why no-one survives

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    Politics.ie Member EoinMag's Avatar
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    Quote Originally Posted by seabhcan View Post
    Where does the carbon tax money go? Just into the general Irish gov kitty?

    The notes are used in a top secret process to clean the carbon emissions out of the air......or something.

    Fukkin stupid idea from the outset, a total scam.
    “atheism is a belief system in the same way that not playing football is a sport.”

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    Politics.ie Member Analyzer's Avatar
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    Presumably, the EU will however remain in the methane business for years to come......
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Politics.ie Member Asparagus's Avatar
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    Quote Originally Posted by firefly123 View Post
    Money Tree planting and prosthetic unicorn horns I believe.
    Some of the money goes into researching electric eels, actual horse power and gas craic as alternative power sources
    ANGER IS A POLICY, GET OFF YOUR KNEES

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    Quote Originally Posted by Asparagus View Post
    Some of the money goes into researching electric eels, actual horse power and gas craic as alternative power sources
    And of course the programme of grants for upgrading the energy efficiency of homes and businesses.
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

  9. #9

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    Quote Originally Posted by rash mulligan View Post
    Great news, yet our government plans on placing 10 euro per ton on heating fuels on the 1st of May.

    It is currently trading at less than 5 euro per tonne.

    NO CARBON TAX INCREASE !!!!!!!!!!!!
    Yet still no interest in the real scandal, the hundreds of millions in extra profits being made by large emitters who received free allowances but charge their customers the full whack for carbon emissions ?

    Once again rash, carbon taxes are an entirely different animal to ETS certificates.
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

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    Quote Originally Posted by Pat Gill View Post
    Yet still no interest in the real scandal, the hundreds of millions in extra profits being made by large emitters who received free allowances but charge their customers the full whack for carbon emissions ?

    Once again rash, carbon taxes are an entirely different animal to ETS certificates.
    What are you talking about?

    That is the whole point of the scheme, to increase the price of energy (or fossil fuel energy) to consumers so they use less.


    That is the true dishonesty in all this. To reduce fossil fuel use governments put in place policies to increase the price of energy derived from fossil fuels.

    Then there is ganshing and wailing of poltiicians' teeth about the high price of energy and invariably finger pointing at energy companies. Dishonest, lying knaves.

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