Derek Ruddock wrote:
> It appears that announcing yourself as a climate change sceptic is akin
> to confessing to being a pedophile
> The whole problem with the climate change issue is that people are
> seeing an easy way to make money out of it. Carbon trading? What a
> joke...
The carbon trading idea is a compromise borne out of the idea that
our system of economics doesn't value anything that doesn't have a
price attached to it.
Polluters will spew out noxious crap without limitation unless there's
financial backpressure to make them stop.
Carbon trading is that financial backpressure, wherein you can pollute
as much as you're prepared to pay for.
Once you have a system of trading items of value, you get profiteering
just like you do everywhere else in the economy. So people trade carbon
futures, because the value assigned to them is every bit as realizable
as the value attached to currency futures or oil futures.
(and I suspect the big money will be made by hedging carbon futures
against oil futures, since they're so inextricably interlinked. Time
will tell)
- mark
--------------------------------------------------------------------
I tried an internal modem, [EMAIL PROTECTED]
but it hurt when I walked. Mark Newton
----- Voice: +61-4-1620-2223 ------------- Fax: +61-8-82356937 -----
_______________________________________________
Aus-soaring mailing list
[email protected]
To check or change subscription details, visit:
http://lists.internode.on.net/mailman/listinfo/aus-soaring
