carbon trading

6 Stories

The Climate Change Bill Is Awful—Now Pass It

'Pathetic' Waxman-Markey at least puts a price on carbon: Friedman

(Newser) - Waxman-Markey is a "pathetic" and "appalling" bill that totally fails to respond to the urgency of climate change—and it should be passed by the Senate and signed into law straight away, writes Thomas Friedman. For the New York Times columnist, the flawed legislation has one great... More »

Billions Wasted in UN Carbon Program: Study

Most funded projects 'won't reduce emissions'

(Newser) - Billions of dollars spent to encourage developing nations to cut greenhouse gas emissions are being wasted on projects that don't qualify, according to two new studies of the UN's carbon credit program. The Kyoto agreement arranges for wealthy countries unable to meet emission reductions to instead subsidize green energy projects... More »

Going Greener Won't Cut Much* Into Bottom Line: Study

*If governments are smart with policies

(Newser) - Cutting greenhouse-gas emissions will put a dent in the world's bottom line, but the damage could be minimal with the right economic policies, the International Monetary Fund forecasts. A 60% reduction of 2002 emission levels will reduce global growth by 2.6% come 2040, but the world's economy would still... More »

Multinationals Have Suppliers Feeling Green

Firms to monitor environmental impact of distribution as well as manufacturing

(Newser) - Some of the world’s largest firms are uniting to encourage their suppliers to incorporate environmental awareness into their operations. Procter & Gamble, Unilever, and other multinationals hope to shrink their carbon footprints, educate consumers—and soften the potential financial impact of climate change legislation that hasn't even been proposed... More »

Big Business Fuels Green Boom

Fear of dot-com-like bust grows as money chases scarce ideas

(Newser) - Greed and idealism are converging as big business propels today’s clean energy industry, CNN reports. Silicon Valley entrepreneurs are pulling in capital for oil and coal alternatives, while across the pond, London financiers swapped more than $30 billion last year in "pollution permits"—credits companies can sell... More »

Carbon Offsets Are Often Scams

Trading on eco-guilt, firms are selling worthless carbon credits

(Newser) - Carbon offsets—the credits gas-guzzling consumers buy to cancel out their carbon production—may do little or nothing more than assuage consciences, a Financial Times investigation concludes. Some companies sell worthless credits; others use them to finance environmental projects they had planned anyway. And consumers have no means to know... More »

6 Stories