Well you might think I'm prejudiced because I am from Alberta, land of oil, but Kyoto is a fools game. Or should I say a lefties game?
So, if we don't actually reduce GHG's, we should use taxpayers money and buy some carbon credits. Right, let's send our children's future to China, one of the biggest polluters around so that we aren't embarrassed on the international stage.
As the Kyoto Protocol comes into force this month, a carbon rush is gaining steam in the financial industry. Investors predict that the carbon trade could become one of the largest markets in the world with a trading volume of US$60-$250 billion by 2008 and some unlikely actors are gearing up to profit from this new, invisible market. Foremost among them is the World Bank.
Yup, an invisable market being created by none other than the World Bank.
I prefer to be embarrassed.
1 comment:
Managing Kyoto is the perfect activity for bureaucrats at the EU, the UN, and Canadian Liberals. Nothing will change, of course, but they'll be fully employed for decades. And in truth, isn't that what this is really all about?!
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