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REDDisms

“You’ve heard of credit default swaps and subprime mortgages. Are carbon default swaps and subprime offsets next? If the Waxman-Markey climate bill is signed into law, it will generate, almost as an afterthought, a new market for carbon derivatives. That market will be vast, complicated, and dauntingly difficult to monitor.”

— Rachel Morris, Mother Jones, June 2009

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The World Bank Forest Carbon Partnership Facility’s latest hot air scam: Retroactive credits

Recent Comments

j'accuse on The World Bank Forest Carbon Partnership Facility’s latest hot air scam: Retroactive credits
Arthur Charles Claxton on Graeme Biggar, Director-General of the UK’s National Economic Crime Centre: “There is not a sufficient deterrent for fraudsters and there is insufficient recourse for victims”
Chris Lang on Blackmore Bond collapse: Financial Conduct Authority is “responsible for every penny lost”
Sam on Blackmore Bond collapse: Financial Conduct Authority is “responsible for every penny lost”
barrywarden on Coronavirus notes #7: How the Colombian government is rolling back social and environment safeguards during the pandemic

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