Britain's faith in carbon trading as a way of reducing greenhouse gases could be dangerously misplaced - in short it is based on a carbon price but the recent global market failure says that this price may also collapse.
The failure of Cap-and-trade ETSs is shown by the dishonest, pro-coal Australian ETS that will actually INCREASE Australia' sgreenhouse gas pollution to 80% above 2000 levels by 2050 (see: Australia's "5% off 2000 GHG pollution by 2020" endangers Australia, Humanity and the Biosphere ).
wait until Al Gore gets his share of the GE money for getting the Cap-and-trade bill passed through Congress. Maybe then he can pay his montly electric bill
Here are the expert opinions of a range of eminent scientists, economists and writers who variously condemn Cap-and-Trade Emissions Trading Schemes (ETSs) (such as the Obama proposal that is now to go to the US Senate) and argue strongly for a straight-forward, non-manipulable, global Carbon Tax – these expert quotes have been placed on the Web by the Melbourne-based Yarra Valley Climate Action Group here: Carbon Tax needed and NOT Cap-and-Trade Emission Trading Scheme (ETS) .
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