Global Warming on Free Republic
Global carbon trading system has ‘essentially collapsed’
http://www.guardian.co.uk/environment/2012/sep/10/global-carbon-trading-system
snip
Joan MacNaughton, a former top UK civil servant and vice chair of the high level panel, told the Guardian: “The carbon market is profoundly weak, and the CDM has essentially collapsed. It’s extremely worrying that governments are not taking this seriously.”
The panel said that governments needed to reassure investors, who have poured tens of billions into the market, by pledging a continuation of the system, and propping up the market by toughening their targets on cutting emissions, and perhaps buying carbon credits themselves.
snip
Even more important is the power to control.
All it is, is the old shell game....
Such crap. Invent a whole market for intangible products. Oh yeah, that will work. For the elite few that stood to make great fortunes while producing nothing of substance. About as thoughtful as some of those other financial products, like collaterized debt obligations.
Cap and trade is a tax, nothing more. A penalty nothing more.
Global Warming on Free Republic
Global Warming on Free Republic
That’s right. RGGI includes the Freak State!
Maryland “Freak State” PING!