Carbon Markets Raise Fears Of Speculation

Law360, New York (December 11, 2009, 4:34 PM EST) -- With the scope of worldwide carbon markets set to increase — particularly if the U.S. Congress passes a cap-and-trade bill and the international community hammers out a successor agreement to the Kyoto Protocol — critics fear the financial services industry will exploit the system for monetary gain and compromise its environmental integrity.

Despite the various regulatory measures currently in the works, critics also worry that there will be a lack of adequate oversight, and that the economy could suffer much the way it did in the...
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