Yes, carbon trading is already in the " sub-prime" category : few standards and lots of traders and trading , but not much carbon being removed from our atmosphere . Better to go with revenue-neutral " green " tax shifting, where taxes on incomes and payrolls ( which we want more of) are reduced and shifted to all forms of pollution ( not just carbon) , as well as waste, planned obsolescence and resuroce extraction ( which we want less of) . This would hasten the shift to a cleaner, greener , energy-efficient economy without creating the next Wall Street financial bubble.
Google: Carbon Credit Shopping Ain’t Easy [View article]
Better to go with revenue-neutral " green " tax shifting, where taxes on incomes and payrolls ( which we want more of) are reduced and shifted to all forms of pollution ( not just carbon) , as well as waste, planned obsolescence and resuroce extraction ( which we want less of) . This would hasten the shift to a cleaner, greener , energy-efficient economy without creating the next Wall Street financial bubble.