Monday, May 6, 2013

Carbon emissions credits see price collapse, undermining efforts to curb climate change; do investors care?

Here’s an odd setback in the lukewarm strategies to counter climate change: the international price of carbon credits in Europe has crashed. 
The Washington Post reports on this Monday in a story by Anthony Faiola here
Recession, and the drop in industrial activity in Europe is responsible for the crash. However, that is happening while the stock market in the US improves to near record levels.  I was in a discussion about the market with financial planners this morning. 
Investors don’t seem to be paying a lot of attention to either sustainability or the possibility of sudden shocks to the system.
The video above comes from a British foundation 

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