The ICE daily CER improved 2 Eurocents to 0.13 EURO (-27.78% YTD). ERUs are trading around 50% of this price with virtually no volume in carbon credits trading on the exchange. The United Nations recently stated that it lacked funds to undertake the first round of climate change treaty negotiations in 2015, which sort of sums of the market as a whole currently. On the other hand, departing EPA chief Linda Jackson stated that President Barack Obama was serious about tackling the problem of greenhouse gas emissions in the USA. Under current carbon market conditions anything optimistic coming from the USA is welcome and newsworthy.