I spent the last week attending the Renewable Energy World -Asia- conference to network and gain insights to the world of renewables. The most depressing part of the conference was probably during the Carbon Credits panel. The panelists were a carbon credit broker, a consultant and a producer.
To cut the story short, with a bleak outlook of the world post-Kyoto 2012, there is no future for the world of Carbon Credits. Brokers are basically halting their issuance of new Carbon Credits, consultants are just focusing on getting the newly registered credits to the market before the end of 2012 and producers are idly watching their stream of revenue vaporize.
If no agreement is met before 2013, the world will see many renewable energy projects stop, specifically ones that aren’t profitable without the issuance of carbon credits. One audience member summed it up more elegantly by addressing to the panelists: “you guys better start doing something or else you’ll be out of a job”.
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