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Friends of the Earth come out against Carbon trading.

submitted by EndAll

1 decade 4 years 7 months 3 weeks ago

Plans to expand carbon markets at UN climate talks this December could trigger a second 'sub-prime' style financial collapse and fail to protect the world from global warming. Hear all about it from Friends of the Earth's Sarah-Jayne Clifton - who's written a report about the dangers of carbon trading. Call for a strong and fair deal in Copenhagen in December at www.demandclimatechange.org - /youtube

3 Comments

EndAll

says...

Many economists have problems with the Carbon Trading idea, especially in contrast with a straight CO2 emissions tax.

Even the guys who came up with the idea don't like it:

"I'm skeptical that cap-and-trade is the most effective way to go about regulating carbon," says Mr. Crocker, 73 years old, a retired economist in Centennial, Wyo. He says he prefers an outright tax on emissions because it would be easier to enforce and provide needed flexibility to deal with the problem.