I have long held the opinion that carbon credit markets as proposed by Congress are more effective for speculators to make money rather than an efficient way to reduce emissions. Now, of all people/organizations to join me, an environmental group has spoken out against the prevailing legislation. As I have watched carbon market trading, their arguments certainly seem to be supported by who is trading in credits. Just when the political machine in the US is gearing up to try to pass carbon credit legislation, along comes a tough argument from an environmental group against it. Perhaps it’s time for other environmental groups to take a closer look at this carbon trading nightmare we are about to embark upon.

Tags: carbon trading, environment

This entry was posted on Monday, November 9th, 2009 at 2:23 pm and is filed under Environmental. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.