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Will Carbon Trading End Up like the Subprime Mortgage Crisis?


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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

Related posts:

  1. Carbon trading may be the new sub-prime, says energy boss
  2. Carbon crash hits Europe’s emission trading scheme
  3. Carbon crisis to cost 29,000 jobs
  4. Mercer launches carbon footprint service to analyse scheme portfolios
  5. Financial crisis divides EU on greenhouse gas cuts

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