Europe fights to save cap-and-trade [swindle] as crisis hits - BusinessWeek

Apart from failing to encourage the necessary cuts in emissions and technological innovation, the collapse in the carbon price could also worsen Europe's debt crisis.

Between 2013 and 2020, when companies have to pay for more and more of their allowances, the cap-and-tade system could raise as much as euro190 billion for government across the EU if prices recover.

"This is a pretty important revenue stream for most member states," says Rob Elsworth, of climate campaign group Sandbag in London. "And they are watching revenues just disappear."

Experts like Kumar and Elsworth are hopeful that states will garner the political will to save the carbon trading system, which has pioneered the market-based approach to saving the environment.

"If you take away this green-economy narrative," asked Elsworth, "what's really left of Europe?"

Example Of A Bottom-Up, Resource-Based Perspective On Environmental Risks – CBS 60 Minutes – “The Gardens of the Queen’ | Climate Science: Roger Pielke Sr.

The contrast between reef health near Veracruz, Mexico and the Cuba Preserve should convincingly show objective readers that coral bleaching from global warming is clearly not the largest threat to the health of tropical coral reefs.