The green market hustlers

On a global scale, carbon trading is little more than an untested economic experiment that may not avert climate catastrophe in time. Moreover, carbon trading aids and abets climate injustice. In the main, trading is designed to parcel, privatize, and sell the right to pollute the atmosphere with carbon dioxide. The very same petroleum, natural-gas, and electricity concerns disproportionately responsible for carbon-dioxide emissions and climate change – which denied the existence of climate change and are now urging gradual steps to address it – all stand to make windfall profits on untested and perhaps unverifiable cap-and-trade schemes buoyed by increasingly fraudulent numbers of “offset projects”.
“If we unquestioningly accept the value judgments of anonymous economic modelers hidden in their models, we abdicate our own decision-making responsibilities in a democratic society,” said Ruth Greenspan Bell of Resources for the Future. “The models are not capable of capturing the unique and swiftly moving challenge of climate change and its jagged and unpredictable edges.”

Asia Times