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Will Carbon Trading End Up like the Subprime Mortgage Crisis?


| Sourced From The Heritage Foundation |

Vincent de Rivaz, CEO of the UK arm EDF energy, made an interesting but frightening comparison when talking about trading carbon credits under the European Unions cap-and-trade program:

We like certainty about a carbon price. [But] the carbon price has to become simple and not become a new type of sub-prime tool which will be diverted from what is its initial purpose: to encourage real investment in real low-carbon technology.

We are at the tipping point where we

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