All Scientists are Sceptics ~Professor Bob Carter

Whenever someone asserts that a scientific question is “settled,” they tell me immediately that they don’t understand the first thing about science. Science is never settled. Dr David Deming

Perhaps the most frustrating aspect of the science of climate change is the lack of any real substance in attempts to justify the hypothesis ~Professor Stewart Franks

A lie told often enough becomes the truth.
-- Vladimir Ilyich Lenin - See more at: http://thepeoplescube.com/lenin/lenin-s-own-20-monster-quotes-t185.html#sthash.aTrSI3tG.dpuf
A lie told often enough becomes the truth.
-- Vladimir Ilyich Lenin - See more at: http://thepeoplescube.com/lenin/lenin-s-own-20-monster-quotes-t185.html#sthash.aTrSI3tG.dpuf
A lie told often enough becomes the truth.
-- Vladimir Ilyich Lenin - See more at: http://thepeoplescube.com/lenin/lenin-s-own-20-monster-quotes-t185.html#sthash.aTrSI3tG.dpuf

Monday, 21 February 2011

Carbon Credits in 2011: Hype or the Biggest Investment of the New Millennium?

I started reading the Green Guide (Where ethics & Innovation Meet) (link in title) as was a little surprised by their first sentence:
According to a recent New York Times article, the carbon (dioxide) trading market is now worth an estimated $30 Billion and could grow to $1 Trillion within a decade.
I knew of the collapse of the  Chicago Climate Exchange and of some of the frauds in the European trading system and so I googled "New York Times carbon trading market." So far I can't find the story quoted by Green guide. Why, oh why didn't they give a link to the story?

My search did find the following stories.

Europe's Carbon Emissions Trading -- Growing Pains or Wholesale Theft?January 31, 2011

NEW YORK -- Have criminals found a lucrative niche in carbon markets?
Previously, many bankers and traders said no, insisting that one-off incidents involving theft or cheating in Europe's Emissions Trading System (ETS) were isolated events attributable mostly to the youth of the market. Advocates of a cap-and-trade approach to tackling climate change said that such growing pains are inevitable, but regulators and legitimate market participants would get better at warding off abuses.

 

Carbon Trading Lurches Off Course 

Carbon Market Players Urge Caution in Financial Regulatory Overhaul March 19, 2010

Hunter expressed concern that a financial regulatory reform bill rolled out by Sen. Christopher Dodd (D-Conn.) this week could put heavy restraints on trading customized derivative contracts banks and traders say will be the financial lubricants needed for a fully functioning U.S. carbon market. 

 

The Stakes of Carbon Trading Are Losing Their Sizzle  March 12, 2010

NEW YORK -- Global carbon dioxide emissions offsetting markets are fast losing their luster in the minds of investors, both in the United States and abroad.  As governments around the world delay climate change legislation, offset project developers and traders on Wall Street and beyond say that they are rethinking their earlier enthusiasm for carbon markets.

 Where did the Green Guide -Where ethics & Innovation Meet get the idea that the Carbon (dioxide) Market was sizzling?

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