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quick
A professor of mine once said, "If you want to know what's going on, follow the money". Well, here you go:


QUOTE
Mon Mar 31, 6:11 PM ET


Merrill Lynch has rolled out a set of indexes anticipating the growth of carbon emissions markets.
Francisco Blanch, Merrill's head of global commodities research, says the indexes track the value of carbon emissions credits. They are designed as investment vehicles, and the firm hopes to see them used in an ETF or exchange traded note. In the European Union, companies are given carbon credits that can be traded in a way similar to futures and options. Buying more allows for more carbon emissions, while selling off credits means a company must emit less.

Other countries have also considered cap-and-trade markets. Merrill isn't the first to take a stab at trading on carbon credits. XShares Advisors registered for an ETF called AirShares that also tracks carbon credits traded in Europe.


http://news.yahoo.com/s/ibd/20080331/bs_ibd_ibd/20080331etf

There are also indices emerging for trading other "green" values. Enron was one of the first, if not the first, company to envision creating the carbon trading market before Enron collapsed.

Questions for Debate:

Does this event make you more suspicious about whether man-made greenhouse emissions cause global warming or any meaningful climate change?

Does this lend credence to the argument that man-made global warming is a boondoggle, funded by large companies who stand to make billions in carbon trading, and sold to us hook, line and sinker?

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Julian
Does this event make you more suspicious about whether man-made greenhouse emissions cause global warming or any meaningful climate change?

No, because my suspicions about such things are based on evidence collated by academics and governments, for the most part, who are not in the main funded by the same corporations that stand to make money from carbon trading (or at least, they weren't when most of the evidence was collected and when the theory was first advanced).

It sounds to me more like corporate capitalism jumping onto a bandwagon that it thinks will make it money. I agree it's a scam, but because I think that carbon off-setting, where someone pays someone else to make up for how much carbon they use, rather than spending the same money on finding ways to use less carbon in the first place, is a bit of a waste of time.

Does this lend credence to the argument that man-made global warming is a boondoggle, funded by large companies who stand to make billions in carbon trading, and sold to us hook, line and sinker?

No.

It lends credence to the argument that carbon trading and carbon offsetting are a boondoggle and a misdirection worthy of David Copperfield, funded by large companies who stand to lose billions if we get properly serious about climate change and dramatically curb carbon (i.e. fossil fuel) consumption, and sold to us hook, line and sinker by people with much bigger PR budgets than any environmental concern.

Man made global warming will still happen all the while, and the people making their billions from this scam won't care because they'll have funded their mountain-top gated-community lifestyle by the time the manure hits the air-manipulation device and the rest of us are hip deep in brackish water scrabbling for every last food morsel.
NoMoreRepsDems
Carbon credit ect... is a way to usher in new (Good) Clean technologies. Now is
the Governments / Business trying to position themselves to make money off of
this ? Sure they are (I believe).

I heard that Gore has some company (Via Switzerland or some other country) that
will be profiting from Carbon credits. I don't know if it is true, but it would be interesting
to see. Yes follow the money and see who is profiting the most.
Ted
Questions for Debate:

Does this event make you more suspicious about whether man-made greenhouse emissions cause global warming or any meaningful climate change?


No – I still don’t believe it. But in fact environmentalists and “believers” know this is an efficient way to reduce CO2 output if we are stupid enough to spend 100s of billions with the “proof” we have today.

QUOTE
Does this lend credence to the argument that man-made global warming is a boondoggle, funded by large companies who stand to make billions in carbon trading, and sold to us hook, line and sinker?

No – it’s a boondoggle driven by the political left and their buddies in the environmental movement.
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