Tag: CDM

The perverse rewards of carbon credits

(August 15, 2012) The UN’s carbon trading scheme to reduce global concentrations of greenhouse gases has provided a handful of factories in developing nations with a perverse incentive to massively increase them.

UN subsidizes CO2

(August 4, 2011) In its quest to promote green energy and reduce the world’s carbon footprint, the United Nations has so distorted the economics of power production that it is set to subsidize over three dozen coal plants in India with some $5.3 billion in “carbon credits.”