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2009-12-07 -Lurid Crime Tales-
Who is cashing in on carbon credits?
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Posted by Alaska Paul 2009-12-07 12:15|| || Front Page|| [3 views ]  Top

#1 The Russians are threatening to dump a boatload of carbon credits on the market. Won't that be a hoot.
Posted by Deacon Blues">Deacon Blues  2009-12-07 12:37||   2009-12-07 12:37|| Front Page Top

#2 Forgot the link.
Posted by Deacon Blues">Deacon Blues  2009-12-07 12:38||   2009-12-07 12:38|| Front Page Top

#3 If the UN was serious about the environment they'd put forth a policy to buy up vast tracts of jungle to prevent deforestation, habitat loss, and species becoming endangered. They'd spare all those massive carbon sinks. Heck, NGO's could do much the same thing, if they really cared. Instead we have carbon credits in which a grove of trees is planted and then the credits sold off to a dozen people so they can believe they personally are responsible for the grove.
Posted by rjschwarz 2009-12-07 12:40||   2009-12-07 12:40|| Front Page Top

#4 Sorry, I thought "fraudulent trading of carbon credits" was redundant.

It's ALL fraudulent.
Posted by mojo">mojo  2009-12-07 12:59||   2009-12-07 12:59|| Front Page Top

#5 rj, there's one huge problem with your idea....not as much opportunity to skim some of that money as there is with "credits".
Posted by Cornsilk Blondie 2009-12-07 13:36||   2009-12-07 13:36|| Front Page Top

#6 Money quote from Deacon's link:

The irony, Michaels says, is that the famously leaked e-mails from the Climate Research Unit show it is not clear what the climatic effect of the permits is in the first place.

"We're just not that good at modeling the climate, it was admitted in those e-mails, so how do you put a value on these permits?" he said.
Posted by Alaska Paul 2009-12-07 16:12||   2009-12-07 16:12|| Front Page Top

#7 more than $3 billion worth of hydrofluorocarbon-23 (HFC-23) projects--a byproduct in the manufacturing process of HCFC-22, which is a gas used as a refrigerant.

One of the worst scandals, which hardly anyone knows about, is that HFCs were mandated by that wonderful model for international cooperation (endsarc) the Montreal Protocol to replace (supposed) ozone depleting CFCs.
Posted by phil_b 2009-12-07 16:31||   2009-12-07 16:31|| Front Page Top

#8 Cornsilk Blonde, I agree. I have always laughed at how Liberals bashed the supposed intent of Conservatives when they do things, holding themselves up as Godly because their intent was so pure. I always felt it was a foolish way to look at the world. If it works, it works. Who cares what the intent was. Now I understand it was all a smoke-screen. I'm totally pessimistic about the intent of anyone in our political class.
Posted by rjschwarz 2009-12-07 17:13||   2009-12-07 17:13|| Front Page Top

#9 DEAR SIR

I AM A FORMER SENIOR REPRESENTATIVE OF THE SOVIET UNION. RECENTLY I DISCOVERED 1 BILLION CARBON CREDITS STASHED AWAY IN A BANK VAULT...

you know the rest...
Posted by European Conservative 2009-12-07 18:41||   2009-12-07 18:41|| Front Page Top

#10 :-) EC
Posted by Frank G">Frank G  2009-12-07 18:51||   2009-12-07 18:51|| Front Page Top

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