Dave Morris: “Problems with Carbon Trading.”

An outline of his argument:

  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.

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