Comment & Debate
“The case against carbon trading”. Risingtide UK. 2002: “Market shares in the new carbon market will be allocated on the basis of who is already the largest polluter and who is fastest to exploit the market. The new “carbocrats” will therefore be the global oil, chemical, and car corporations, and the richest nations; the very groups that created the problem of climate change in the first place. What is more, with the current absence of “supplementarity”, the richest nations and corporations will be able to further increase their global share of emissions by outbidding poorer interests for carbon credits.”