Clean Money
A carbon trader buys and sells pollution credits, purchasing them from relatively clean countries and selling them to nations that have lots of pollution-spewing plants. It is Russia’s great fortune that the Kyoto Protocol’s ceiling for greenhouse-gas emissions is pegged to 1990 levels–the Soviet Union’s last full year. Since then Russia’s factory output has fallen, and carbon emissions have dropped at least 30 percent. Russia, therefore, has lots of pollution credits to sell to other countries....