Europe’s carbon markets are collapsing and this is bad news for climate change. ++ Economics dictates that if the price of a good goes down, demand goes up; this happened with carbon permits, because “if [they] are cheap, and everyone has lots, the green incentive crashes into reverse.” ++ The ridiculously low price of carbon caused by the global recession removes every incentive to buy “costly
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A key topic a few months ago, the food crisis has now disappeared from the headlines. ++ Unfortunately this does not mean that the situation has improved; on the contrary, the financial crisis is likely to bring a series of negative repercussions. ++ It will hinder governments of developing countries from increasing needed investment in agriculture, which is likely to intensify the emergency.
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