“Fictitious trades, fictitious companies, bogus addresses” The Süddeutschen Zeitung reports that German fraud investigators have found that €850 million fell off the table when shady companies swarmed into the carbon trading, emissions and energy business. The criminal companies rake in tens to hundreds of millions, fend off regulators with delaying tactics and then announce bankruptcy [...]
by Jacob Arfwedson In the 1930s, Franklin Roosevelt asked his administration to undertake a vast exploratory study of future technologies. A group of researchers eventually produced a voluminous report with fascinating insights. There was only one little glitch: the document did not foresee television, plastics, jet planes, organ transplants, laser technology, or even ballpoint pens. [...]
HOLGER THUSS (Jena) In 2005 the EU created an ambitious EU-wid e Emissions Trading Scheme (ETS) to tackle the alleged growing threat from global warming. The idea of a market-based solution to pollution control is appealing.