Bull Market in Environmental Guilt
Posted by admin, October 7th, 2008 - under Opinion.
Tags: Climate & Climate Change, Economics
“This is strange territory. The Dow is down. Wall Street needs a bailout. But in the Washington area and across the country, there is still a bull market in environmental guilt. Sales of carbon offsets — whose buyers pay hard cash to make amends for their sins against the climate — are up. Still. In some cases, the prices have actually been climbing. In other words, when nearly everything seems to be selling for less, thousands of individuals and businesses are paying more for nothing, or at least nothing tangible.” Read more here.
Carbon Credits range from $1.80 per ton to $300 per ton??
Well, If i though about it, I think that I’d prefer to pay $1.80 for nothing rather than $300. I wonder what Luke Sky-Walker would pay>
They are completely mad.