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State of the carbon market in 2013 is so sick the World Bank cancelled the report

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State of the carbon market in 2013 is so sick the World Bank cancelled the report

http://joannenova.com.au/2013/07/state-of-the-carbon-market-in-2013-is-so-sick-the-world-bank-cancelled-the-report/

State of the Carbon Market: Started in 2003, but wiped out in 2013 Each year  for nearly a decade The World Bank has published “The State and Trends of the Carbon Market” in May or June with great fan-fare and press releases. It’s the definitive guide telling the world how many dollars are turning over in the global markets (which really means “the EU market plus a few other bits”). I’ve been quoting their figures for years — The 2012 report told us that $176 billion dollars turned over in 2011. So what was the number for the 2012 year? Whatever it is, it’s so bad the World Bank cancelled the report. Figure what the cancellation of the report tells us about the The World Bank. Was it publishing these figures for the last nine years because they were important for investors and policy-makers? I guess not, or they would still be publishing them. By dropping it at the first major downturn, we know the reason for the report was pure PR, something for whipping up momentum about the market and getting headlines in newspapers. The numbers in 2013 became a PR disadvantage — the World Bank did […]Rating: 10.0/10 (2 votes cast)

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