Prominent Scientist Claim Climate Claims Irrational

[admin]

The carbon trading transfers money from the utility customer to a bunch of wealthy traders that produce nothing except some political donations. It's the old job for your son in law trick.

No, it:

• Puts a price on something that was previously free, that is, pollution
• Establishes a market for it, which creates incentives to reduce pollution exactly there where they are most easily reduced.
• It's a market based solution for a market failure, efficiently pricing at the margin. It's a mystery why some market fundamentalists are against it as it is similar in kind to the voucher solution they propose for other problems (healthcare, etc.). Even more of a mystery why some object to people making money in markets, isn't that what markets are for? Anybody can enter, and like with any market, success isn't guaranteed.
• Like any market, it needs a clear framework, which can be a bit of a problem (see here)