Where the Climate Buck Stops
Climate superfunds are a sensible way to put some of the costs back where they belong, but we’ll get them only if the public demands them.
1 min read
Sunday, 19 October 2008
But the move is another major gamble by the Government, after the 500bn pound bailout of the banks, because it depends on a major recovery by the time a public spending black hole emerges in 2010.
In a further sign of the impact of the crisis on the real economy, universities yesterday warned they are on the verge of a financial crisis because of soaring rates of inflation, and may be forced to cut costs or call for voluntary redundancies among staff.