"While you were distracted by crashing banks and clashing US senators, you may have missed a small environmental earthquake. The price of carbon has collapsed." Read more here. … [Read more...] about A Recent Inconvenient Trading Truth
Economics
Wishful Thinking on Carbon Trading
Last week the Australian Treasury released modelling of the likely impact of an Emissions Trading Scheme. All the scenarios assume the rest of the world will sign-up. Read more here. … [Read more...] about Wishful Thinking on Carbon Trading
Economic Growth & Carbon Trading
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Bull Market in Environmental Guilt
"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 … [Read more...] about Bull Market in Environmental Guilt
Key Australian Government Advisor Hands Down Final Report on Climate Change
The Australian Government's climate change adviser, Professor Ross Garnaut, says a global agreement must be reached to successfully reduce the world's carbon emissions and has urged action without delay. Indeed Professor Garnaut went so far as to … [Read more...] about Key Australian Government Advisor Hands Down Final Report on Climate Change
Financial Crash, Not Good for Concept of Carbon Trading
The proposed $700 billion bailout of Wall Street failed to pass the US Congress last night. Across the world disappointed investors are now fleeing stock markets as the global economy teeters on ruin. With the likely arrival of more austere … [Read more...] about Financial Crash, Not Good for Concept of Carbon Trading