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Thursday, May 29, 2008

The danger (and cost) of carbon markets

This post at Triple Pundit notes that a study of the largest carbon market, the Kyoto Clean Development Mechanism, finds that most of the carbon offset money is being sent to coal and oil companies and that "much of the market does not reflect actual reductions in emissions."

This is why a world offset market - as opposed to a local offset market - is a really bad idea. And why we shouldn't be giving carbon emissions credits away for free.

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