LOL!!!! Carbon Sale Closed For Lack Of Interest!!!


I missed this for some reason……



EU Carbon Sale Fails for First Time as Bids Miss Reserve Price

The European Union canceled an auction of carbon emissions permits for the first time as bids failed to reach the bloc’s secret reserve price.

The sale was called off because the price would have cleared “significantly” below the prevailing market rate, according to European Energy Exchange AG, the unit of Deutsche Boerse AG that runs the auction. EU allowances for delivery in December fell to a five-week low of 3.71 euros ($4.83) a metric ton on London’s ICE Futures Europe before paring the decline.

Well, if you’re not making anything, you don’t need to buy those silly permits. 

This entry was posted in Climate, Economics. Bookmark the permalink.

9 Responses to LOL!!!! Carbon Sale Closed For Lack Of Interest!!!

  1. kim2ooo says:

    Reblogged this on Climate Ponderings and commented:
    Could this be the reason Mr Gore had to sell his TV channel?

  2. HankH says:

    Let me try to understand what the EU is saying… They decided to have a carbon permit sale but decided to call off the sale because they couldn’t get market rate for the permits. I thought a sale is where you sell something below market rate?

  3. copernicus34 says:

    you know what the good thing about this is? folks that have lost their a** already on this, are very unlucky to come back biting again.

  4. Jimbo says:

    More good news.

    “The largest Earth Hour celebration in Canada” cancelled

  5. DirkH says:

    Euro falls for lack of interest as well….

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