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Suckers born every minute.
Posted on 05/04/2007 3:58:17 PM PDT by Shermy
THE market in carbon credits grew faster than expected last year, tripling to $US30 billion ($36.6 billion) from $US10 billion in 2005, the World Bank said on Wednesday.
But the fledgling carbon credit industry is struggling to keep up with demand, the Financial Times has found, as there is now a shortage of skilled technicians to monitor carbon reduction projects and verify that the claimed emissions cuts are taking place.
Nearly $US25 billion came from transactions under the European Union's emissions trading scheme, while $US5 billion was from the sale of carbon credits by developing countries.
China was the biggest beneficiary, selling 61 per cent of last year's carbon credits, while India took 12 per cent and Brazil 4 per cent. Credits normally sell for between $US5 and $US10. Britain was the biggest buyer of credits, purchasing 50 per cent of the supply.
The World Bank said carbon markets had resulted in capital flows from rich to poor countries of about $US8 billion since 2002, and estimated $US14 billion of further gains to developing countries through investment in "clean" energy technology.
(Excerpt) Read more at theaustralian.news.com.au ...
EU Looks to Curb Utility Windfall Carbon Profits
From Papal Indulgences to Carbon Credits Is Global Warming a Sin?
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New!!: Dr. John Ray's
GREENIE WATCH
Ping me if you find one I've missed.
Is this some kind of bond market? What is going on here?
I’d like to see you try to count them. ;)
Hmmmmmm....I smell opportunity. Carbon Credit Technician: the new ISO9000 consultant.
it doesn’t matter if they can verify the reduced emissions.
Those who buy carbon credits are doing so to feel good about doing something about global warming.
This has got to be the dumbest scam liberals have ever fell for, except for Al Ron Gore who pays himself for the credits.
I offer the carbon I don’t use as a regular American to the DUmmie elites for $1,000,000/six month period. Such a deal!
How much of a windfall does Algore get?
“What is going on here?”
There are so many scams that can hide under carbon credit trading, everything is so unverifiable,
But the central one is,
The traders always get their cut.
fell = fallen, though I’m sure it’s all the same to people who actually pay for these indulgences.
So the biggest beneficiary's are the biggest offenders? What a scam. Liberals are idiots
Wow. Why didn’t I think of this??
I know where the carbon credits industry can find a ready and willing cadre of like-minded technicians!
May have to wait until they get out of jail tho. And Ken Lay's no longer available...
The MSM like to think of themselves as consumer watchdogs, but on this issue, they will NEVER warn the public that this is a scam.
I thought ill of my grandfather one time, when he said to me...
“You will find out in life that people are basically very stupid...”
God bless his soul — he sure as hell was right.
Pretty sweet deal, isn’t it?
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