From Reuters via Forbes:
Japanese buyers are in no hurry to scoop up U.N. carbon offsets in the secondary market partly because they expect prices to fall further and think they would need less than previously thought....MOREIn "Fun With Enron Emails" I mentioned the $500 Billion pricetag that Kyoto compliance was going to cost Japan out of pocket to meet their 2012 promise. This is one way to save a Billion or two.
EU carbon prices slump 8%
Carbon fell sharply on Wednesday to strike the fourth record low in a row.