Friends of the Earth UK warned in 2009 that carbon trading could trigger another subprime meltdown

2009, "A DANGEROUS OBSESSION

• A RESEARCH REPORT

THE EVIDENCE AGAINST CARBON TRADING AND

FOR REAL SOLUTIONS TO AVOID A CLIMATE CRUNCH,"

• by Friends of the Earth UK

Contents, Section 3, Part B

4. "CLIMATE SPECULATION – THE RISK OF CARBON SUBPRIME"

From Summary page, reject REDD also

"Reject plans to introduce Reducing Emissions from Deforestation and Forest Degradation (REDD) offsets, and instead negotiate effective and fair mechanisms to protect the Earth’s forests that do not involve offsetting."

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Environmental activists take down climate exchange to protest carbon trading:

7/25/10: "European Climate Exchange website hacked," Indymedia Australia

"In a protest against carbon trading as a method for acting on climate change, on Friday, July 23 at just before midnight, the public website of the European Climate Exchange (ECX), the

• leading marketplace for trading CO2 emissions in Europe, was targetted by hacktivists of the autonomous tech collective *decocidio* (#?).

In a public act of digital direct action, the ECX website was taken offline and replaced with a message in an effort to try to raise awareness about carbon trading as a dangerous false solution to the climate crisis, in support of the grassroots activists aiming to oppose the power structures and

• companies profiteering
  
• from the dysfunctional Cap & Trade scheme."...

.