The greenhouse gas emission trading scam

And the overall upshot of such legal compliance? Many, many greenhouse gas emitters would have an awful lot of collective credits to peddle to greenhouse emitters who find it desirable to put off their own compliance -- at least in the near term. And because of the surfeit of these tradable credits among entities complying with the law, there would be little or no incentive for a lot of compliers to go beyond what they would have done anyway to achieve compliance, because this would flood an already crowded market and reduce the value of salable credits even further.

A greenhouse gas credit trading system is guaranteed to work wonderfully from the perspective of having a lot of credits traded, allowing its proponents to claim great success. The fact that a compliance buyout system (which is what an emissions trading system should really be called) works against rapid reduction of greenhouse gas emissions will be buried in fuzzy numbers and free market blather for years.

Emission trading schemes are an intellectual fraud. They contradict what every sensible person understands intuitively. Their widespread acceptance is the product of the short-term interests of powerful groups, free market fetishism run amok, and cunning “dare to think new ways” Wall Street sales talk.

People who really care about cutting greenhouse gas emissions who buy into this intellectual fraud are contributing directly or indirectly to delaying meaningful greenhouse limiting standards. Which is another way of saying they are working against the interests of the natural environment they purport to support.

http://onlinejournal.com/artman/publish/article_1877.shtml