The Carbon Trading scams around the world are coming undone (though Australia in it’s wisdom and its noble efforts to single-handedly save the world has just introduced a carbon tax). The Swiss Bank, UBS has produced a report for its investors with a devastating indictment about carbon trading “waste” in Europe and its bleak future.
SWISS banking giant UBS says the European Union’s emissions trading scheme has cost the continent’s consumers $287 billion for “almost zero impact” on cutting carbon emissions, and has warned that the EU’s carbon pricing market is on the verge of a crash next year.
The k2p blog 