Carbon Bubble About To Blowup?

Climategate is close to destabilizing the Copenhagen Summit, leading market analysts to openly worry no agreements will be reached:

The head of the Asian Development Bank said on Sunday that rich countries' offers of funds to developing countries for measures to mitigate or adapt to climate change remain insufficient a week into U.N. talks.

ADB President Haruhiko Kuroda also told Reuters in an interview that if governments were to fail to reach a climate deal in Copenhagen, it could lead to a collapse of the carbon market which would hit efforts to deal with climate change

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And, of course, that would mean Al Gore would lose an awful lot of money.