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  • carbon trading

    Carbon Companies Lose Too Much Value

    From the New York Times Green, Inc Blog: The banking giant HSBC removed two companies involved in carbon trading from its Climate Change Index on Monday because they had lost too much value. Analysts from HSBC said the cause was mainly that governments had failed to come up with a … More

    Heritage’s Ben Lieberman Sets the Record Straight on Europe’s Cap and Trade Experience

    As of late, when it comes to policymaking in Washington D.C., the trendy thing to do has been to point to Europe. Our Members of Congress are doing it with two of the largest reform policies currently on the table: health care and energy. With regards to energy, advocates of … More

    Cap and Corruption: The Fraud behind Carbon Reduction Targets (Part 7 in a 10-part series)

    If former presidential candidate Ralph Nader, the greenest of all the greens, the man who played an integral role in starting the Environmental Protection Agency and passing the Clean Air and Clean Water Acts, opposes cap and trade, it’s probably not a good idea. Here’s what Nader told the New … More

    Green Energy Goes "Gang Green"

    Literally: “Anti-Mafia magistrates in Sicily have opened a sweeping investigation into the wind power sector where local officials, entrepreneurs and crime gangs are suspected of collusion in the construction of lucrative wind farms before their eventual sale to multinational companies. Italian and EU subsidies for the building of wind farms … More

    The Great Carbon Collapse

    In the UK Guardian last month, a leading European energy executive warned that Europe’s carbon market was becoming a “new type of sub-prime tool.”  More analysis from the article: The EU’s emissions trading scheme was set up as a market solution to cut greenhouse gas pollution from industry. Polluters were … More

    The Carbon Trading Boondoggle: Evidence from Europe

    Apparently people forgot to mention to the central planners in Europe that prices fall during a recession. That includes carbon prices: Set up to price pollution out of existence, carbon trading is pricing it back in. Europe’s carbon markets are in collapse. A year ago European governments allocated a limited … More

    Will Carbon Trading End Up like the Subprime Mortgage Crisis?

    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 Union’s 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 … More