Skip to comments.EU Refuses to Resuscitate Its Dying Carbon Market
Posted on 04/25/2013 6:20:08 PM PDT by Rocky
The European Parliament just voted down a measure that would have attempted to revive its carbon market, likely dooming it to a slow and undignified death. This was a last-ditch effort to drive the EUs carbon price back to a level that would incentivize green reforms. And it failed.
The EU has been the global laboratory testing the green agenda to see how it works. Todays story means that the guinea pig died; the most important piece of green intervention in world history has become an expensive and embarrassing flop. Its hard to exaggerate the importance of this for environmentalists everywhere; if the EU cant make the green agenda work, its unlikely that anybody else will give it a try.
(Excerpt) Read more at blogs.the-american-interest.com ...
Is there a way to sell short?
So who got rich?
If it was good enough for Lenin, it's good enough for a guinea pig.
It will get stuffed, lathered with makeup and displayed in a glass coffin, inducing mindless money making scams to try to also come back to life.
If the carbon market can’t corrupt its way forward, it’s a bigger scam than I thought.
The EU is importing 25% more coal from the U.S. now that Germany has been shutting down its green nuclear reactors.
The EU loves burning coal.
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