Durban: breakthrough or damp squib?

The UN might be hailing Durban climate talks as a 'breakthrough,' but the reaction from the markets was distinctly damp. Plus solar prices continue to fall; EUAs lift; fracking in the US; hydro in Asia; and nuclear in China.

The climate talks in Durban that finished at the weekend were hailed as a "breakthrough" – a word used in the official statement on Sunday from the United Nations Framework Convention on Climate Change or UNFCCC. Justified or not? Well, the reaction in the markets was distinctly damp, with carbon prices actually falling 4 per cent on Monday.

The optimists gave as their first reason for claiming success at Durban the fact that the divide between the developed and developing countries in the emissions-control arena has narrowed and may soon close altogether.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles