UN $315 billion CDM carbon market comatose after Warsaw. It may last years

JoNova (Australia)
"Each CDM was worth 20 euros in 2008. Now they are selling for 50c. ....Norway’s government is sending $30m of taxpayer funds to buy CDM credits. Lucky UK Taxpayers are tossing in 50 million pounds. Do I read this correctly — of the 50 million, only 33 is going to buy of the credits, the other 17million is going to train people on getting through UN red tape. Those compliance costs… really? And people call this a “free” market."