In the aftermath of the sound failure of the Climate Conference, the first symptoms of a growing lack of interest from corporations for the Kyoto carbon dioxide scheme are becoming apparent. ++ The worldwide infatuation for climate change issues last December has drastically faded away from the market place, as evidenced by the sudden fall of the price of carbon dioxide. ++ A possible
... More
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
... More
