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Recession threatens carbon trading

| Sourced From BBC NEWS |

A crucial scheme to control greenhouse gases is under threat due to the recession.

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Global Recession Reaches Carbon Market – EU ETS Shortfall To Drop By 44% Due To Recession, Says IDEAcarbon

The global economic recession will have a significant effect on the European carbon market, nearly halving the shortfall in EU Allowances (EUAs), according to a new projection in the latest weekly report from IDEAcarbon, a leading carbon market analysis and research firm.
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Global recession: A soft landing for low-carbon industry?

The fledgling climate-change sector faces its first economic recession. David Metcalfe from research firm Verdantix predicts that some firms will hit the wall, but others will emerge stronger that ever
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