Nov 11, 2006

'Obscenity' of carbon trading

BBC: Market mechanisms are a game of creative accountancy that distracts us from the fact that there is no viable 'business as usual' scenario In 1992, an infamous leaked memo from Lawrence Summers, who was at the time Chief Economist of the World Bank, stated that "the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable, and we should face up to that". The recently released Stern Review on climate change, written by a man who ...Link from EcologicalInternet.org (Dr. Glen Barry)