Well, not only are existing carbon markets notoriously corrupt, the bloom's off the rose:
Let's see: a government Rube Goldberg financial contraption that nobody would want, other than for the government mandate, in trouble due to perceived lack of government mandate? Yup, that's about it.Banks and investors are pulling out of the carbon market after the failure to make progress at Copenhagen on reaching new emissions targets after 2012.
Carbon financiers have already begun leaving banks in London because of the lack of activity and the drop-off in investment demand. The Guardian has been told that backers have this month pulled out of a large planned clean-energy project in the developing world because of the expected fall in emissions credits after 2012.
No comments:
Post a Comment