Carbon trading is now the fastest-growing commodities market on earth. Since 2005, when major greenhouse-gas polluters among the Kyoto signatories were issued caps on their emissions and permitted to buy credits to meet those caps, there have been more than $300 billion worth of carbon transactions. Major financial institutions such as Goldman Sachs, Barclays, and Citibank now host carbon-trading desks in London; traders who once speculated on oil and gas are betting on the most insidious side effects of
our fossil fuel
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/conning-climate-inside-carbon-trading-shell-game
[2] http://admin.indiaenvironmentportal.org.in/category/author/mark-schapiro
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/harpers-magazine
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/kyoto-protocol
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emissions-trading
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/clean-development-mechanism-cdm
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/certified-emission-reduction
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cap-and-trade
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/united-states-america-us
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india