Monday, February 15, 2010

Special Report - Lack of Direction on Climate Change Hobbles Carbon Trading - NYTimes.com

Special Report - Lack of Direction on Climate Change Hobbles Carbon Trading - NYTimes.com

That may be just as well, Dr. Helm said. While carbon trading makes sense in theory, implementation in Europe was riddled with special-interest deals and giveaways to industry that made it far less effective than taxing carbon directly, he said. The same would almost certainly apply to any future U.S. system.