The great success of a carbon trading failure
Butler, Simon http://www.greenleft.org.au/2009/811/41700
Date Written: 18/09/09 Year Published: 2009 Resource Type: Article/Report/Letter
The right to pollute has never been more affordable. Energy companies and market speculators can buy a tonne of carbon for less than the cost of a cup of coffee. The low cost gives an incentive for companies to pollute more in the short-term and prices renewable energy alternatives out of the market.
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