Green light for BlueNext
BlueNext sees first phase two carbon trade (Reuters.com) — I keep meaning to find out more about this, as I remain interested in how our ability to convene markets can actually reduce pollution. I’ll get to it one of these days. In the meantime, here’s the latest, via a Reuters report (excerpt):
The first spot transaction of EU allowances for phase two of the EU Emissions Trading Scheme was conducted on BlueNext on Friday, the exchange said in a statement.
The trade was concluded at 21.10 euros per tonne for a total volume of 1,000 tonnes of carbon, it said.
The counter-parties of the trade were Electrabel and STX Services, the carbon rights exchange said. . . .
Exchange operators are eyeing a piece of the global carbon trading market as governments and industry step up efforts to reduce pollution.
Boston-based research firm Celent expects the carbon trading market to be worth more than 40 billion euros by 2012, up from 22 billion euros in 2006.
Hope you′re having a groovy Tuesday, downer market notwithstanding.
Financial Flashback (WSJ.com)
March 4, 1998 — Have stock investors gone crazy? Less than four months after October’s precipitous plunge in stock prices, culminating in the largest-ever point decline in the Dow on Oct. 27, stocks have rocketed to a string of records.
Hey, it’s also Knute Rockne’s birthday (1888-1931). The great football player and coach was famous for revolutionizing the game, and for talking about it. Some quotes from the official Rockne Web site (the best known is the first; my favorite is the last):
“Let’s win one for the Gipper.”
“Build up your weaknesses until they become your strong points.”
“No star playing, just football.”
“One man practicing sportsmanship is far better than fifty preaching it.”
“Show me a good and gracious loser and I’ll show you a failure.”
“Win or lose, do it fairly.”
“The best thing I ever learned in life was that things have to be worked for. A lot of people seem to think there is some sort of magic in making a winning football team. There isn’t, but there’s plenty of work.”
“I’ve found that prayers work best when you have big players.”
Original post by admiя