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Jennifer Marohasy

Jennifer Marohasy

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Bull Market in Environmental Guilt

October 7, 2008 By admin

“This is strange territory. The Dow is down. Wall Street needs a bailout. But in the Washington area and across the country, there is still a bull market in environmental guilt.  Sales of carbon offsets — whose buyers pay hard cash to make amends for their sins against the climate — are up. Still. In some cases, the prices have actually been climbing.  In other words, when nearly everything seems to be selling for less, thousands of individuals and businesses are paying more for nothing, or at least nothing tangible.”  Read more here.

Filed Under: Opinion Tagged With: Climate & Climate Change, Economics

Reader Interactions

Comments

  1. Geoff Brown says

    October 9, 2008 at 10:44 am

    Carbon Credits range from $1.80 per ton to $300 per ton??
    Well, If i though about it, I think that I’d prefer to pay $1.80 for nothing rather than $300. I wonder what Luke Sky-Walker would pay>

  2. Louis Hissink says

    October 11, 2008 at 7:18 pm

    They are completely mad.

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Jennifer Marohasy Jennifer Marohasy BSc PhD has worked in industry and government. She is currently researching a novel technique for long-range weather forecasting funded by the B. Macfie Family Foundation. Read more

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