The Trouble with Carbon Trading
A Short Debate
first published 2 April 2009
In this short exchange from ClimateChangeCorp,a website providing climate news for business, The Corner House tackles claims from a Wall Street carbon trader that:
- the climate problem is a problem of quantity of emissions,
- carbon trading lowers costs,
- putting a price on carbon in Europe helps Southern countries reduce emissions, and
- carbon markets can work in concert with other policies and measures
by detailing how carbon trading is actively blocking reductions in carbon emissions.