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 …
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 …
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 …
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 …
