In a paragraph I omitted in the previous post, Mr. Hansen warned that cap and trade would enrich speculators and create opportunities for fraud:
If that isn’t bad enough, Wall Street is poised to make billions of dollars in the “trade” part of cap-and-trade. The market for trading permits to emit carbon appears likely to be [...]
Entries Tagged as 'Carbon Trading'
Cap and Trade Fraud in Germany
December 7th, 2009 · No Comments · Carbon Trading, Climate
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A Better Way To Reduce Carbon Emissions
December 7th, 2009 · 1 Comment · CO2, Carbon Tax, Carbon Trading, Climate
Jim Hansen was one of the earliest warning of global warning and today one of the most prominent of those warning of the consequences of failing to curb carbon emissions.
In an op-ed piece in Sunday’s New York Times, Hansen challenges the “cap and trade” route that is the favorite with Congress and the Administration [...]
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Windmills in Europe Not Reducing Climate Emissions
February 10th, 2009 · No Comments · Alternative Energy, Carbon Trading, Climate, Solar
Der Spiegel has a fascinating article on windmills and carbon trading. It argues that although renewable energy in Germany has been an amazing success story, it hasn’t reduced carbon emissions — because the windmills get carbon-saving certificates that are then sold to others to allow them to emit an equal amount (cap and trade). The [...]
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