The great 'success' of a carbon trading failure
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.