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Published online 20 January 2009 | Nature | doi:10.1038/457365a

News in Brief: Graphic Detail

Prices plummet on carbon market

Falling oil prices slash value of greenhouse gas emission allowances.

Quirin Schiermeier

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  • The Carbon Tax on everything crashing civilization discomfits governments and carbon indulgences' arbitrageurs? Productive citizens can be sheared only so closely until they are skinned alive. An advocate makes virtue of failure. The worse the cure the better the treatment - and the more that is required.

    • 20 Jan, 2009
    • Posted by: "Uncle Al" Schwartz

  • There is now talk of engaging in "intervention" to support the prices just as they did with currencies back in the 1990s. The worry here is that this will only make matters worse. The question is, who will do it. In the example of currencies, it was the Bank of Japan, in coordination with the Federal Reserve, and other G7 treasury officials. Who has the wherewithal to do that now?

    • 22 Jan, 2009
    • Posted by: emissions trader