This great explanation of the McCain version of GHG cap and trade (the permits would be traded) just came up on Grist. It's a stark warning, thanks for that DR. Let us imagine, how would a hedge fund set up a scam to incorporate the McCain plan? Following the past models of hedge fund bubble inflation market manipulation. Mainly the most recent bubble, that caused the global credit crisis and our present economic problems here in the US.   more »

Is carbon permit trading by hedge funds likely to sabotage green energy revolution? Yep. Gar is right with this one. "...put a carbon tax in place or auction permits already. Forget game-playing CDM and the whole additional new carbon lobby that secondary carbon markets create." That secondary carbon permit market will be the ultimate GHG reducing policy killer. As hedge funds scam and energy prices to consumers rise, industry friendly politicians will say "See, we told you so, government intervention is destroying the economy."   more »

Here is an excellent dissection of a newspaper article on biodiesel and ethanol. Why does old style media get the story wrong almost every time? Bio-d, a tireless Gristmill opponent of biofuel farming, does the autopsy. If only 5% of our energy came from biogas/waste, the rest of the CO2 we emit would be offset. Effectively eliminating our collective carbon footprint. That would allow renewable/conservation energy revolution along with organic fertilizer byproduct from waste biodigestion to actually reverse GHG disaster. Biogas/waste farm projects could use heavy subsidies, politicians and eco-lobbyists please take note of this main component of green revolution.   more »