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“A long-awaited trading link between carbon markets in the European Union and under the UN-sponsored Kyoto Protocol on global warming should be completed in November, EU and UN officials said on Thursday.”
Wall Street is gearing up for likely cap-and-trade legislation in the United States that could create a carbon market several times larger than in Europe
The Globe and Mail
By Thomas Homer-Dixon and Stewart Elgie
Modern capitalist markets are among the most amazing institutions humankind has ever created. But when it comes to conserving Earth’s natural environment, our markets are badly broken. For our planet’s future – and for our future prosperity – we must fix them.