Carbon market will bounce back from recycled CER scandal, say brokers
The sale of two million recycled Certified Emission Reduction (CER) units, the latest in a series of setbacks for European carbon trading, has been absorbed by the market as another teething problem, according to carbon market participants.
"It is not ideal, the market was already under pressure with various scandals and then this happens, and it is not helpful," says a European carbon broker who wished to remain anonymous. "But markets have to go through these kind of problems to become fully fledged. It just seems worse in the carbon market because it is a legislation-led market and these problems receive more attention."
"Yes, the market is disappointed, but I believe it to be resilient and it will recover from this," says Andy
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