Copenhagen

Cracks open in deal to save the planet

It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts.

A forest carbon market is emerging in anticipation of a UN climate deal in December in Copenhagen, expected to allow rich countries to pay to protect rainforests as a cheap alternative to cutting their own greenhouse gases.

What did I say then?

Realised volatility and variance: options via swaps (4 years 35 weeks ago):

Peter Carr and Roger Lee present explicit and readily applicable formulas for valuing options on...

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