Gimbol's diatribe and screed

The Kyoto market bubble?

"Hey wanna buy some carbon credits?"

Holes show in Dion's plan

Dion has stuck with this plan, even though the Liberal government's own consultants warned that major emitters would hoard the credits and wait until the price rose, at which point they'd make a killing at the expense of the taxpayer.

A self fulfilling prophesy?

But the EU scheme suffered a major blow in April and May when it emerged that companies were issued with more allowances than they needed, a serious problem in a market that depends on the scarcity of allowances for its existence. The European Commission has promised a much tighter cap on emissions in the second phase of the scheme, from 2008 to 2012.

posted by gimbol @ 8:34 AM