The great 'success' of a carbon trading failure

Butler, Simon
http://www.greenleft.org.au/2009/811/41700

Date Written:  18/09/2009
Year Published:  2009  
Resource Type:  Article
Cx Number:  CX10492

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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