Greens, Reds and Giving the NoKos (Carbon) Credit - The American Spectator | USA News and Politics
Greens, Reds and Giving the NoKos (Carbon) Credit

The greens’ fight against simply rebranding foreign aid as ‘climate aid’, in lieu of adding the new stream of billions as originally planned, has a new twist. Per Politico, Kyoto seems to offer despots a nice backdoor to skirt sanctions:

CARBON CREDITS FOR NORTH KOREA? Kim Jong-il’s government is looking to sell UN-backed carbon offsets from hydropower projects as a way to raise hard currency in the face of sanctions over its nuclear weapons program, the Guardian reports.

Meanwhile, Open Europe, citing about a dozen sources in today’s update, notes the greens’ red counterparts are calling for the new revenues to be generated. “[T]the Party of European Socialists, meeting in Athens on Friday, called for a financial transactions tax and a carbon tax.”

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