Carbon Offsets Daily

Daily carbon offset news, insight, community.

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

Tags: , ,

Leave a Reply

© 2009 Carbon Offsets Daily. All Rights Reserved.

This blog is powered by Wordpress.