Since 2008, Europe’s carbon market has shown symptoms of terminal decline. Rock bottom prices for allowances have given industry little incentive to diversify away from fossil fuels.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/eu-plans-revive-lifeless-carbon-market
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-times-0
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-market
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/european-union-eu
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emissions-trading
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cap-and-trade