Obama, 'Under my plan, electricity prices will skyrocket'

Slumping Carbon “Cap-and-Trade” Price Worries Greens

By Dennis Avery —— Bio and Archives--November 16, 2008

Global Warming-Energy-Environment | Comments | Back To Full Article

The price of carbon has slumped in Europe’s emission trading—for the second time in two years. The long-term investments needed to reduce humanity’s greenhouse emissions are being discouraged. The carbon price is meant to offset the economic cost of shifting from coal, gas, and oil to non-fossil energy. If the carbon price is too cheap, however, Greens worry we won’t stop burning the fossil fuels.

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