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Commodities Briefing - Categorized | Environmental Trading more

Emission trading scheme - the next bubble in times of financial crisis

Posted on 14 October 2008

From Neurope.eu: This week, the German Minister for Environment, Sigmar Gabriel, was quoted saying the money burnt at financial markets must not be taken away from CARITAS or climate protection. While at first sight everyone might nod his head over this statement, it somehow reveals two interesting things.

First, even politicians from the environmental wing must finally admit: the so-called “climate protection measures” cost money, in fact, a hell lot of money. Second, it reveals the ignorance of these politicians towards some very basic economic facts. The money the government and industry might spend for protecting the environment does not appear out of nowhere. It is earned by real work of real people in real companies…. Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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