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Re: [Marxism] Fortune magazine article faces-up to climate change.

----- Original Message -----
http://www.energybulletin.net/12179.html
Cloudy with a chance of chaos
by Eugene Linden
..
Despite the daunting gap between present actions and what's required, plenty
more can be done. Politics enables markets: An international agreement
limiting carbon that includes the U.S. and the developing nations would
supply the discipline necessary for carbon markets to flourish. (Carbon
trading lets developed countries achieve emissions-reduction targets by
paying to reduce emissions in developing countries.) According to an
upcoming study of carbon markets by Ecosystem Marketplace, a website devoted
to popularizing environmental derivatives, the carbon market in Europe has
already surpassed $4 billion in trading value as utility, industrial, and
insurance companies experiment with this new tool.

***

PB: This interesting article ends in chaos: carbon trading. Here's why:
http://www.nu.ac.za/ccs/files/CCS_ENERGYSERIES_1005_COMPLETE.pdf


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