Carbon Market is BS

The carbon market, being as bolloxed as every other market, has screwed the price of carbon into the ground. One result of this is that the contribution to emissions reductions made by Germany’s world-beating renewables industry is offset by the ease with which less scrupulous players can get their hands on the newly liberated excess permits – thus enabling carbon spewers to party like there’s no tomorrow.

http://permaculture.org.au/2009/02/16/trading-places/

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