Industry Market Trends

Global Chemicals Industry Retains Strong Growth Despite Economic Slowdown

May 30, 2013

While the global economy continues to lag, Wall Street pundits have expended a lot of energy adoring the economy’s bright spots: Web services, wireless, and petrochemicals, for starters. According to a new report from Boston Consulting Group (BCG), however, the chemicals industry has held up surprisingly well through the economic slowdown. Read More

Industry Market Trends

Can American Carbon Exchanges Learn From Europe's Failure?

May 30, 2013

carbontaxExpectations for European carbon prices through 2020 have fallen 47 percent since last year, Bloomberg reported recently. For those that think Europe needs sternly-enforced carbon emission reductions to stave off catastrophic global warming, that's not good.

Other reports note that as of the end of May, European Union carbon permits “rose to their highest level in almost three weeks as lawmakers reconsidered a plan to temporarily curb supply in the market that they failed to endorse last month.”

Of course that “highest level” is $4.85 a metric ton on the ICE Futures Europe exchange in London, up from “all-time lows” in April. Experts say the price needs to be close to $38 for the exchange to survive. Read More