Your article explaining how the global carbon market could be worth $3tn a year, but “enthusiasm to place it at the heart of the Copenhagen treaty is matched by growing criticism of the concept”, elucidated the issues of the expanding yet unproven policy of emissions trading (Fear that $3tn market of future benefits few, 30 November).

Having worked advising British industry on international climate change policies, I would concur with many of the points made about the flaws of market-based mechanisms.

Continue reading at Guardian.co.uk

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Tags: carbon credits, Carbon Market, Carbon Tax