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One is also conscious of the Jo Moore dictum that days like today are an extremely good time to bury bad news. While the media attention is focused on the gathering storm of the financial meltdown (or not), many other things are happening.
One of those things is the latest bizarre (a word I am beginning to over-use … does anyone know a better one?) development in the long-running saga of the European emissions trading scheme (ETS) – that arcane subject which no one really wants to talk about but which, in the fullness of time is going to cost us all (collectively) many billions.
Anyhow, pushing the story on is The Guardian which tells us that "leaked papers" show that Britain is "trying to weaken plan for EU carbon cuts."
This is a move, storms this distinctly greenie paper which would "reduce efforts to cut domestic pollution" – by which, of course it means carbon dioxide, which isn't pollution at all, but never mind.
What this is all about is a British inspired idea (although other have had the same thought) of using carbon credits
awarded to con artists entrepreneurs in the developing world who have learnt how to milk the system installed
energy-saving technology and thus done their bit to make money save the planet.
Original article here...
eureferendum.blogspot.com