Carbon Trading Could Trigger a ‘Sub-prime Style’ Economic Crash

Plans to expand carbon markets at UN climate talks this December could trigger a second ’sub-prime’ style financial collapse and fail to protect the world from a global warming catastrophe, according to a report from Friends of the Earth. The trade in carbon permits and credits, primarily based in Europe, was worth $126 billion in 2008 [...] Tags: carbon neutrality, buy carbon credits, carbon offsetting, Carbon Credits, carbon footprint, carbon offsets, carbon neutral