Hot air (economics)

Hot air in economics refers to the

Soviet Bloc

countries since 1990.

The

Assigned Amount Units (AAU) now also widely known as Hot Air in the post Soviet context. These were given to Russia as an incentive to sign the treaty. Critical climate change experts decry these credits as a way for countries to buy their way out of taking action to address climate change

.

References

Japan Denies Buying ‘Hot Air’ to Meet Kyoto Target
Russia and carbon trading, New York Times
, 28 Dec 2005

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