'As the World Burns': The Politics Of Climate Change (WBUR, 90.9FM) - 2 views
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Felicia Sullivan on 31 Jan 10An interview between host Terry Gross and journalist Jeff Goodell about the interess behind climate change. Goodell spoke of the efforts of coal and fossil fuel industries to slow the Obama administration's efforts to implement a "cap and trade" program. What is particularly interesting is that Goodell speaks about the strong support the administration has from Wall Street and the large financial firms. The Carbon Market is poised to be the largest futures and derivatives market and investment houses will exact huge profits from processing these market transactions. This is clearly a major interest in promoting carbon emissions and the direness of the climate change debate.
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Alex Brown on 01 Feb 10NASA's James Hansen has nothing good to say about cap & trade, and the current regime of carbon offset management: http://www.terrapass.com/blog/posts/james-hansen. Also, a NY Times op-ed by Berndt Heinrich on the impact of commercial afforestation for globally traded carbon offsets: http://www.nytimes.com/2009/12/20/opinion/20heinrich.html -- my comments at http://groups.google.com/group/uml-climate-network/browse_thread/thread/95ccf43784f34532, referring to our own New York - New England Regional Greenhouse Gas Initiative (RGGI), which has a similar forest offset allowance, with the condition of "additionality" -- http://www.rggi.org/offsets, http://www.rggi.org/offsets/offset_requirements. Alex_Brown@uml.edu