FSinsight - Rutger de Witt Wijnen: Global uncertainties denting the carbon market

Global recession, plus political and policy-making uncertainty are responsible for the current doldrums of the CO2 market, according to Rutger de Witt Wijnen, Partner in the ESG-oriented legal firm Simmons & Simmons. In this video, recorded during the Argus European Emissions Markets 2012 he talks about the factors that will continue to dent this market in the short term. "Unfortunately we will more or less see a standstill," he says. "We all know there are too many [carbon] allowances around, too many credits, too few emissions, too few market players who are willing to make the market." bit.ly/HF2Q32