Pause for a moment before you rejoice about a potential deal in Copenhagen and consider two very different approaches to cap and trade:
1) Cap and Trade a Daily Mail exposure of toxic carbon offsets.
An example of carbon trading which demonstrates just how toxic some of these carbon credits and offsets are.
Toxic carbon credit
2) Sandbag takes permits out of the system and scraps them – they are taken out of circulation and can not be traded. Sandbag enables you to purchase permits to pollute and to take them out of circulation – that should reduce the amount of pollution permitted and if increase the cost of polluting. Permits taken out of circulation cannot be toxic.
The great carbon credit con: Why are we paying the Third World to poison its environment?
In the fields around this giant chemicals factory in Gujarat, the barren soil smells of paint stripper and the water from the well makes you gag. So why has it been given tens of millions of pounds of taxpayer-funded UN �green reward points�, which are traded hungrily on the financial markets at huge profit?
Read the shocking story by By Nadene Ghouri at http://www.dailymail.co.uk/home/moslive/article-1188937/The-great-carbon-credit-eco-companies-causing-pollution.html