• Everybody knows
• Financial impact on households is small
• Is the $35 FPO a problem for the government?
There is a great song by Leonard Cohen called “Everybody Knows” – it’s a slightly depressive song but the classic opening line is “Everybody knows the dice are loaded”. It seems to encapsulate what is happening in the carbon market at present. The point being everybody knows it is heading to $35. There is supply out there, but it is not coming to market at these prices. Therefore, the market should push higher. It is important…