What are the good points and bad points of carbon emissions trading?
From the Pembina Institute: “… The Clean Development Mechanism is an environmentally legitimate option that allows Canada to meet its target by making investments in green projects in poorer countries. Those reductions are just as effective in protecting Canadians from dangerous climate change as reductions made in Canada. “Emissions trading allows companies or countries to reduce emissions in a way that’s flexible and cost-effective. If it’s more efficient to reduce emissions on-site, a company can do that. If it’s easier to purchase credits from a facility that has exceeded its target, the company can take that option instead. “Globally, US$10 billion in emissions trading took place in 2005, but Canada was largely absent from this growing market due to the lack of mandatory limits on greenhouse gas emissions from Canadian industry.” Dale Marshall of the David Suzuki Foundation said the price of international emissions trading under the clean development mechanism is about $12 per t
