Trading carbon: how it works and why it is controversial?
In the drive to tackle climate change, carbon trading has become the policy instrument of choice among governments. It is also a central element of the UNFCCC’s Kyoto Protocol. Yet carbon trading remains highly controversial. Some see it as a dangerous distraction and a false solution to the problem of climate change. This report deals with each of the three basic components which underpin the trade in carbon quotas: cap and trade, carbon offsets and trading transactions. (FERN, 2010)
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