Nopenhagen wrecks havoc on carbon markets, cleantech investment
Mon Dec 28 2009 9:39 pm
by Bob Morris.
Carbon markets prices dropped 10% after the flop that was Cophenhagen. Such a drop in prices inevitably means there will be less innovation and investment in cleantech, and quite possibly higher electricity prices too.
Here’s how it works: without the economic incentive to build low carbon power plants, European utilities may decide to allow older, dirtier plants to operate longer, and wait until energy prices skyrocket to build new plants.
Posted in: Climate change.
Tagged: COP15
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