carbon trading 'the next Sub Prime' - Friends of the Earth Australia
Friends of the Earth have come out with a long report critical of carbon trading due to not being an effective means to reduce CO2.
While I have much sympathy with their arguments, it seems they are leaving their run a bit late.
Now that all politicians seem to be utterly committed to an emissions trading schemes, it is hard to see how long it will take for the whole idea to be revised in light of inadequacy. I mean, it'll take years to get it up and running fully, then a number of years to realise it's not working. Probably a good decade or so of wasted time, I reckon.
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