Midnight Ridazz Bicycle Ride

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Thread Box:

Copenhagen's Hidden Agenda:

Thread started by sexy at 12.8.09 - 9:45 am

Copenhagen's Hidden Agenda: The Multibillion Trade in Carbon Derivatives
Architect of Credit Default Swaps behind the Development of "Carbon Derivatives"

reply

What time does this ride start?

I am going to dress up like a Polar Bear Trader......

Foldie
12.8.09 - 9:53 am

reply

BLOOD AND GORE!!!!!

this is significant times a million.

asparagus
12.8.09 - 10:21 am

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Communist Hipsters Rejoice !
You now can contribute to the destruction of the U.S.A.
Hope the Change that you have left in your pocket doesn't fall out
when your bending over for the U.N.

Dedicated818
12.8.09 - 11:57 am

reply

Guess Who? Check out #18 Next Fight: "Cheerleading a global carbon cap-and-trade system."

sexy
12.8.09 - 1:42 pm

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Speculation is a large part of what made the first round of European emissions trading such a failure. Amplifying the opportunities for speculation with complex financial instruments like carbon derivatives seem like such a mind-bogglingly terrible idea that I'm surprised anyone's even considering it. Or maybe I'm not.

Cap-and-trade is supposed to be a regulatory tool. It can work, but not if the price of carbon is decoupled from the actual demand by speculation. The financial people who are arguing for allowing derivatives either don't understand this or don't care.

A carbon tax would make way more sense. Too bad it will never happen.

nathansnider
12.8.09 - 2:31 pm

reply

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