Beware The Green Bubble

One of the themes of the report published last week by the Business Council for Sustainable Development last week was the great opportunity that an emissions trading regime will give the New Zealand economy. Rod Oram bemoans the fact that more business groups are not also promoting these opportunities. Before you invest have a read of this short op-ed from today's New York Times. Like Oram and the BCSD we do actually believe that there are opportunities which should be investigated. But like Daniel Gross, we think you should be cautious.