Posted by: Grant | December 1, 2013

Carbon Offsets Market Collapse.

 ~meThe ALP/Greens coalition, despite doubling our power prices with “renewables”, was actually going to achieve the tokenistic 5% cut to our “emissions” by buying CDM carbon credits overseas.
This, as this article shows, however, is now doomed because the carbon credits racket has totally collapsed!


Investment under the U.N.’s $315 billion Clean Development Mechanism (CDM) has ground to a halt as the value of the credits they generate has plunged 95 percent in five years to around 0.30 euros, crushing profits that investors count on to set up carbon-cutting schemes in the developing world.”


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