15 May 2007

carbon trading won't work - la times

Carbon trading won't work - Los Angeles Times

Experiments with the market scheme favored by Schwarzenegger shows trading favors big polluters without curbing global warming gases.
By Michael K. Dorsey, MICHAEL K. DORSEY, assistant professor on Dartmouth College's faculty of science, teaches in the environmental studies program.
April 1, 2007

Economists, some environmentalists and a growing gaggle of politicians are pushing a grand strategy that a market mechanism — known as "carbon cap and trade" — can rescue us fastest from a climate catastrophe. But early evidence suggests that such a scheme may be a Faustian bargain.

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