Monday, April 20, 2009

Here's an idea: Let's risk public money on green scams layered on top of the greatest scientific fraud in history

From War Bonds to Environment Bonds - Green Inc. Blog - NYTimes.com
James Cameron, an executive director of Climate Change Capital, an investment company, is proposing creating “environment bonds” similar to bonds created by governments during the 20th century to fund efforts to fight the Second World War.

In a talk on Friday at Yale, Mr. Cameron said environment bonds (or climate bonds, as he has called them on other occasions) would be a straightforward way for governments to raise money to develop clean technology and build low-carbon economies.

Governments would collect money from investors who would benefit from guaranteed – but modest – rates of return. In the meantime, governments would invest in green infrastructure.

No comments: