It was about making money, creating a new commodity, creating the next bubble.
Making nuclear power cost effective, helping Monsanto....
Al Gore and his carbon trading firm have just lost money, perhaps pay cuts will be in order for Jim Hoggan/Desmogblog and any other PR agencies bought and paid for to promote the carbon profiteering agenda? Like Hill & Knowlton
Carbon prices react strongly to climate deal
Emissions trading market at a standstill
After the UN climate talks ended on Saturday, European carbon markets on Monday suffered from the aftermath of the climate deal.
Yah, I'll bet there were great expectations, expectations to make money!
What if a carbon market opened, but nobody came to trade?
When the Montreal stock exchange forged a partnership with the Chicago Climate Exchange three years ago, there were great expectations that a fully functioning North American carbon market was just around the corner.
I like this one in particular;
What Copenhagen Accord means for prices, markets
The bankers weigh in...
* Mark C. Lewis, analyst at Deutsche Bank
"There is now no near-term prospect of the EU raising its 2020 target. As a result, sentiment will be negatively affected and we expect EUA prices to decline over the next few sessions."* Meg Brown, analyst at Citigroup
"This is likely to result in a negative impact on EUA prices in the short term, through 2010 and potentially through to 2020.
Richard Gledhill, head of climate change and carbon market services, PricewaterhouseCoopers
If passed by Congress, climate legislation in the U.S. could create a market three times the size of the EU emissions trading system. That would be a massive boost to the global carbon market, but would also move its focus from London to New York."