Germany arrests 4 in CO2 probe, 50 more suspects

May 3, 2010  
Written by  in Cap and Trade, Carbon, Germany, Green News

According to Reuters, “Frankfurt prosecutors said on Friday they had arrested four people in Germany and Britain in connection with suspected tax evasion in carbon permit trading and 50 more people were being investigated. He declined to name individuals, as is customary under German law. Deutsche Bank said seven of its employees were suspects in [...]

Hopes for $2 trillion global carbon market fade

According to Reuters, “Investors are becoming less convinced that a global carbon market, estimated to be worth about $2 trillion by the end of the decade, can be established as uncertainty over global climate policy persists. The absence of legally binding global climate deal and a federal emissions trading scheme in the United States are [...]