Carbon markets are struggling. There is a huge glut of carbon credits and pollution allowances. Carbon credits created under the clean development mechanism are trading at €0.07 on the EU emissions trading system (ETS).
International Emissions Trading Association (IETA) was by far the biggest “NGO” at last year’s climate conference in Bali. In Poznan, IETA has hired a building inside the International Trade Fair where the climate conference is taking place.