Carbon prices plunge - I hate it when that happens

Carbon prices plunged yesterday in the aftermath of the
Copenhagen conference on climate change, dealing a blow to
the credibility of the European Union's carbon-trading
scheme.

Financial Times

I told you this was just another corrupt scheme to make rich speculators richer and the rest of us pay the freight. Increases in energy costs is the result of cap and trade. Along with a new industry just as rapacious as oil and gas, just without any real assets.