Carbon Market Lobbyist Criticizes ‘Whopping Falsehoods’

The carbon market has been damaged by three “whopping falsehoods” that slowed its growth and caused European lawmakers to question their belief in the system, said the retiring head of a carbon market lobby group.

“The political environment has been dominated by an ebb tide,” Henry Derwent, chief executive of the International Emissions Trading Association, said today by phone from Geneva on his last day at the lobby group’s headquarters. “The European Union emissions trading system is still there, though it’s bleeding from a few wounds, some self-inflicted.”