On Tuesday, June 25, 2013 9:11:38 AM UTC+1, Hugh Newbury wrote:
http://www.eia-international.org/exp...er-next-decade
The Environmental Investigation Agency is warning of a possible disaster
if China bans trading of climate credits for the incineration of HFC-23,
thus making it no longer financially viable to destroy the gas, which is
15,000 times more damaging to the climate than CO2.
I don't want to start a war here, but what do people who know about such
things think of this.
Hugh
--
Hugh Newbury
www.evershot-weather.org
I wonder if this is just brinkmanship by Beijing, possibly trying to gain leverage over not devaluing the renminbi? A devaluation there could create a credit crunch that would dwarf what happened in the west in 2008. There's a political angle there somewhere