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Financial meltdown: Still bad for the environment

Posted on October 07, 2008

by Adam Stein A few weeks ago, I made some guesses about how the big picture trends in the economy would affect the development of clean energy. And though it's still early days for the financial crisis, so far my guesses look pretty good.The Times talks to a few industry insiders, who confirm that the credit crunch is slowing down clean energy projects. Abyd Karmali, the global head of carbon emissions at Merrill Lynch, is optimistic in the long-term (as, I suppose, I am too), but acknowledges that funding for energy development is becoming more difficult to find.Meanwhile, Earth2Tech notes ...

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carbon , carbon emissions , emissions , ethanol , europe , european , fossil fuel , kyoto , legislation , political , renewables