“He said there were two simple factors: the oversupply of certificates and the uncertainty in the market since the Federal Government announced its carbon trading scheme.”
I think that the NSW scheme was too open ended. By that I mean, a company could continue to produce abatement certificates if they planted some trees or reduced energy consumption. It was a good pilot scheme though and many lessons should be learnt from it.
CXY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
