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Nature 441, 405 (25 May 2006) | doi:10.1038/441405a; Published online 24 May 2006

Carbon market survives gas leaks

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Searing volatility has led some to dismiss Europe's nascent emissions market as a farce — but it is still hanging in there. Quirin Schiermeier reports on the project's teething troubles.

On the closing Friday of Carbon Expo in Cologne earlier this month, a crowd of nervous emissions traders was seen swarming around the stand of a German consultancy firm.The focus of their attention was an analyst who had managed to log on to a supposedly secure European Commission website.