Could Cap and Trade Cause Another Market Meltdown? | Mother Jones

You've heard of credit default swaps and subprime mortgages. Are carbon default swaps and subprime offsets next? If the Waxman-Markey climate bill is signed into law, it will generate, almost as an afterthought, a new market for carbon derivatives. That market will be vast, complicated, and dauntingly difficult to monitor. And if Washington doesn't get the rules right, it will be vulnerable to speculation and manipulation by the very same players who brought us the financial meltdown.

Insurers Need to Address Climate Change By Building Windmills, Not Walls | Green Business | Reuters

Insurers who still cling to the notion that there is a significant scientific debate about global warming and its cause will shortly discover that their customers have moved on.

Chemical firms face the cold reality of refrigerant phase-out

Of the CO2 option, Will says: "What's compelling about it is that nobody calls it a chemical. And when it comes to cost, CO2 comes close to being free - no trademarks, so it cuts the chemical companies pretty much out of the business."

The news is not all good for CO2, however. T