Carbon Credits: Promoting Sustainable Development or Trading in Pollution? |
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» Business Ethics Case Studies Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source. |
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"Carbon markets are better than other instruments in overcoming barriers, diffusing learning, and rewarding those who are bold enough to innovate and provide risk capital for emerging technologies." 1 - Abyd Karmali, Managing Director and Global Head of carbon markets, Merill Lynch & Co., Inc2, in 2009. "Most of the "green" stuff is verging on a gigantic scam. Carbon trading, with its huge government subsidies, is just what finance and industry wanted. It's not going to do a damn thing about climate change, but it'll make a lot of money for a lot of people and postpone the moment of reckoning." 3 - James Lovelock, an Environmentalist, in New Scientist4 in 2009.
Carbon Credits: Promoting Sustainable Development or Trading in Pollution? - Next Page>>
1] "Debate: Is Carbon Trading the Most Cost-Effective Way to Reduce Emissions?" www.climatechangecorp.com, April 2, 2009. |
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