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Originally Posted by Michael
Carbon trading is mentioned pretty early in this paper, and I was expecting it. I laughed when I saw it becuase it reminds me of the trading that the US did with other countries in order to met their quota or avoid being penalized. I think that is ridiculous and it should not be allowed. A set number should be set for all countries with no trading. However, there should be incentives in place if you are under the set amount.
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Exactly, carbon trading is almost farcical -- it does not address the real issue at all. Taxing and penalizing are not going to change much either -- the only real changes will come from industry -- the governments should be giving incentives to businesses to be "greener" rather than penalizing them for polluting (industry always responds much quicker to tax incentives etc.) -- but I guess it's another excuse to extort more money.