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The net result of carbon trading may have been windfalls and profiteering rather than a reduction in carbon emissions, it has been claimed. Last week, UK-based not-for-profit organisation Sandbag released details of analysis arguing that the current carbon trading system is not working and plans to reform it need to go further.
Phil Thornton, national co-ordinator of the Campaign Against Climate Change, said some improvements had been made to the carbon trade system in the European Union but `it`s still highly debatable that that is enough`.`Offsetting is a huge problem because that can easily create the illusion of cuts when it`s not actually the developed countries making the cuts they need to make,` he added.
Recently, Cambridge Econometrics released projections showing that if the new coalition government failed to invest heavily in renewable energy, the country would be likely to miss key emission reduction targets over the next few years.
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`No Great Reduction` In Carbon Emissions Through Carbon Trading: | Sourced From Officialwire |
The net result of c…
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`No Great Reduction` In Carbon Emissions Through Carbon Trading: | Sourced From Officialwire |
The net result of c…
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`No Great Reduction` In Carbon Emissions Through Carbon Trading: | Sourced From Officialwire |
The net result of c…
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`No Great Reduction` In Carbon Emissions Through Carbon Trading: | Sourced From Officialwire |
The ne… #carbonoffset
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`No Great Reduction` In Carbon Emissions Through Carbon Trading | Carbon Offsets Daily
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