Dave Morris: “Problems with Carbon Trading.”

An outline of his argument:

Reader support makes our work possible. Donate today to keep our site free. All donations TRIPLED!
  1. Buying offsets encourages complacency.
  2. Carbon trading is inherently susceptible to fraud and manipulation.
  3. Carbon trading encourages cheating and rewards low-cost cosmetic changes while undermining higher cost innovation.
  4. Carbon trading separates authority and responsibility, undermining coherent, holistic, community-based efforts.
  5. We have alternatives — carbon taxes, and caps without trading.

Read the whole thing.