When the housing bubble burst, it exposed an unseemly alliance between special interests and the financial sector. Activists wanted homes for all at any cost, and lenders were happy to oblige despite the inherent risk.

Although the economic devastation this bubble wrought is still not under control, a similar toxic alliance is working on the next one: The green bubble.

Recommended Stories

Washington state another step closer to linking to CA-Quebec carbon market

House Democrats risk reviving the politics that doomed cap and trade with new climate plan

Paul Chesser: Governor’s summit makes cap-and-trade inevitable for the South