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Untitled from The site on Vimeo. Trading on Thin Air explains the methods used by the financial oligarchy to extract the wealth of the nation and how the same strategy is being used to subvert a movement for conservation and sustainability and harness it to create the next big bubble. Watch the entire [...] Under California’s landmark 2006 Global Warming Solutions Act, AB 32, the state must reduce greehouse gas emissions to 1990 levels by 2020. Carbon trading, also known as cap and trade, is an essential part of this. The deadline for formalizing the plan is next month. But, as always, the devil is in the details. [...] A second carbon auditor has been suspended for nonexistent or dubious auditing practices. The whole carbon offset scheme increasingly seems just an excuse for big money to create another financial market to game and exploit, rather than any real way to mitigate climate change. Times UK The legitimacy of the $100 billion (£60 [...] Carbon Trade Watch and others have just released this 41 minute film about the hazards of carbon trading and how it has had a damaging effect on two towns, one in Scotland, the other in Brazil. Two communities affected by one new global market – the trade in carbon dioxide. In Scotland a [...] New Carbon Finance predicts the US carbon trading market could be worth $1 trillion by 2020, with carbon trading for $45 a ton by then, extrapolating from plans in Congress now. It trades at $10-20 a ton now. If those proposed plans allowed trading with foreign carbon markets, then the price might only be $30 [...] |  | ||||
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