Re: US policy Was Re: [asa] Subglacial Water System Moving

From: Rich Blinne <>
Date: Fri Feb 23 2007 - 13:53:20 EST

On 2/23/07, David Opderbeck <> wrote:
> But hedge funds only exist where there is an efficient market with risks
> to hedge against. What would anyone buy emissions credits to hedge against?
The inter-market workings can be fixed by people smarter and more
knowledgeable than both of us. We haven't however touched on the biggest
problem of any international cap and trade scheme. Cheating and enforcement.
Even if countries can run their own markets, measuring and sanctioning
actual emissions levels would have to be under the authority of some
international body. Here the IAEA is the best analogy and we both know how
poorly it has worked to stop nuclear proliferation (Amy Carter's favorite
topic, BTW :-)).

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Received on Fri Feb 23 13:54:13 2007

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