| Posted on May 6, 2010 at 10:42 AM | 
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The recent acquisition of the Climate Exchange by IntercontinentalExchange (ICE) for £395million should help further consolidate a fragmented carbon trading market that has been left reeling by the impotency of the Copenhagen summit. The carbon market has lost a third of its value since the UN talks in Copenhagen failed to set binding emissions targets and as a result establish the size of carbon market. With so much uncertainty, investors are staying away.
A strong and flourishing carbon market is essential for effective emission controls and will help drive value for installing measures but news of police raids on trading firm offices in Germany and the UK as part of tax evasion investigations will not help build confidence in the already shaky market. We can only hope that matters stabilise and the market is able to establish itself alongside other, more familiar commodity trading
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