Monday, February 23, 2009

Julian Glover: A collapsing carbon market makes mega-pollution cheap | Comment is free | The Guardian

As I have written before, carbon cap and trade schemes don't work:
"That there exists something called carbon trading is about all that most people know. A few know, too, that Europe has created carbon exchanges, and traders who buy and sell. Few but the professionals, however, know that this market is now failing in its purpose: to edge up the cost of emitting CO2."

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