Revolt of the Sun Kings
Friday, 23 April 2010 08:16
Frank Dohmen, Nils Klawitter and Wolfgang Reuter, Spiegel Online
Government subsidies for solar energy in Germany have reached absurd proportions, as ordinary consumers pay out billions to support solar power. Now plans to reduce the subsidies are encountering massive resistance from the industry and a number of German states, which benefit from the current arrangement.
Stuart Brannigan believes that the...
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After Climategate, Should Savvy Investors Short Carbon Credits?
Tuesday, 06 April 2010 15:26
Ira Stoll, Pajamasmedia
Just how badly have Climategate and the failure of the UN climate change summit in Copenhagen hurt prospects for a global market in carbon “offsets”?
Camco International Ltd., bills itself as “a leader in demonstrating strong financial structuring and placement capabilities for carbon credits,” and is 19.5% owned by Al Gore’s...
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EU Emissions Trading Scheme Faces New Crisis
Monday, 15 March 2010 13:06
Business Week
The International Emissions Trading Association said sales of ‘recycled’ United Nations carbon credits could damage the reputation of the European Union’s emissions-trading market, the world’s largest.
The warning came after Hungary said last week it agreed to sell almost 2 million metric tons of UN credits to an unspecified broker for...
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California Global Warming Law May Lead To Job Losses, Report Says
Wednesday, 10 March 2010 07:19
Margot Roosevelt, Los Angeles Times
Debate over the economic effects of California's first-in-the-nation global warming law flared this week, with a report saying short-term job losses can be expected. The state's nonpartisan legislative analyst's office examined 2008 economic modeling by the California Air Resources Board and concluded that it "may overstate the number of jobs"...
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Sunil Sharan: The Green Jobs Myth
Tuesday, 02 March 2010 13:27
Sunil Sharan, The Washington Post
"Green jobs" have become a central underpinning of the Obama administration's rationale to promote clean energy. But how valid is the assumption that a "clean-energy" economy will generate enough jobs to mitigate today's high level of unemployment -- new jobless claims were up 22,000 this week -- and to meet the needs of future generations? A...
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