European carbon market is an expensive failure. “…as a result of a subsequent recession and poor management, the market is saturated – and could be for years to come – with permits that give companies the right to emit carbon without penalty.” Well, Europe itself is an expensive failure these days so their carbon market should feel right at home.
This post was last modified on February 16, 2012
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I'm shocked 8-)
They told us to reduce our "carbon footprint" (whatever that is), so who's going to buy it? I burnt mine...
Of course this is a total surprise! NOT!
So that's why Al the Goricle is bitching about capitalism, not enough demand for his supply of stupid.
It's the socialism stupid!!
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."
Winston Churchill
That is just 1 of several reasons that Churchill is my political hero. Greatest man of the 20th century.
Who needs carbon on credit? I just flushed a whole bowl full.