Reduce Global Warming: Carbon Trading is Ineffective
compiled by David Barth, June 16, 2008
From Wired, June 2008, page 162.
The Kyoto Protocol was thought to reduce CO2 emissions significantly by 2012, but Roger Pielke at the University of
Colorado has indicated that the protocols will slow the rise of carbon emissions by only 6.5 days.
Economists favor a carbon tax on fossil fuels that would eliminate parasitical results of carbon trading: greenwashing,
political manipulations relating to carbon trading, and Wall Street trading in carbon credits.