Opinion: Carbon Trading Bad for Environment and Economy

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Over the last few weeks the news has been filled with activists and environmental protestors who are trying to get the world’s attention.  Some have taken to chimneystacks to protest pollution, while others have tried to raise awareness about climate change by taking over the rooftop of Parliament.  All of this publicity is leading into the United Nations summit on climate change in Copenhagen this December.  Governments around the world are scrambling to find new and innovative ways to reduce the amount of carbon they are releasing into the environment.  Some have even come up with complex schemes to get people to produce less carbon, but some of these schemes are failing according to a recent report.

Environmental campaigners claim that the government policy of carbon trading as an answer to climate change is dangerous and irresponsible and could set off a financial collapse.  Friends of the Earth recently did a study which showed that the policy of carbon trading is doing little to slow and prevent global warming.  The claim that plans to enlarge carbon markets would be a disaster and will fail to protect the Earth from global warming.  Carbon trading allows people and businesses to buy carbon credits which allow them to balance out their carbon emissions by offsetting them with things like donations to green organizations or planting of trees.

This is sure to be a hot issue at the upcoming United Nations summit in Copenhagen and Friends of the Earth hope governments around the world will re-think their carbon trading policies.  Friends of the Earth say carbon trading will lead to both financial and environmental disaster.

David Harrison

Posted on November 14, 2009 · in UK

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