Tuesday, December 22, 2009

Sub-zero temperature kills over 80 in Europe; Carbon Market Stabilizes

One of the oddities of the European carbon biz is the colder it gets the stronger carbon trades.
If we should return to an ice age the price of carbon would go parabolic.
From PressTV (Ireland):
The death toll from winter storms across Europe has risen to at least 80, as arctic-like temperatures and heavy snow continue to plague the continent.

In Poland, it's estimated that 42 people have frozen to death during the last three days, after a bitter cold wave plunged temperatures to minus 20 degrees Celsius.

Most of the dead are homeless men between 30 and 50 years of age.

A further 27 people have lost their lives throughout Ukraine and nine have died in the Czech Republic, where temperatures reached record lows in several cities.

Meanwhile, traffic incidents due to bad weather conditions across Austria, Finland and Germany resulted in at least thirteen deaths, with temperatures falling to minus 33 degrees Celsius.

Cold-related deaths were also reported in France, where two homeless people died....MORE
From PointCarbon:

EUAs claw back some lost ground

European carbon closed higher amid mixed energy prices....
EUA's closed at €12.73 up .36.
U.N. CER's closed up .12.