Home » Carbon Trading Could Trigger a ‘Sub-prime Style’ Economic Crash

Carbon Trading Could Trigger a ‘Sub-prime Style’ Economic Crash

Posted by Environmental Leader on 06/11/2009

Plans to expand carbon markets at UN climate talks this December could trigger a second ’sub-prime’ style financial collapse and fail to protect the world from a global warming catastrophe, according to a report from Friends of the Earth.The trade in carbon permits and credits, primarily based in Europe, was worth $126 billion in 2008 [...]

Carbon Finance Carbon Finance & Offsets Carbon Offsets/RECs Charts Climate Economics Emissions Europe Finance & Reporting Financial Global Government Carbon Credits carbon emissions Carbon Markets carbon offsets Carbon Permits Carbon Trading Schemes Financial Disaster global warming