Les,
Cap and trade is one of the main market-fundamentalist methods proposed
with respect to global warming, and like neo-liberalism as a whole, it is
showing its bankruptcy.
I've written on this in several articles, links to which can be found
at:
http://www.communistvoice.org/00GlobalWarming.html -
For example, there's
"The coming of the environmental crisis, the failure of the free market,
and the fear of a carbon dictatorship" at
< www.communistvoice.org/39cKyoto.html >.
I would also second Eugene Coyle's suggestion to look at
"Carbon Trading - a critical conversation on climate
change, privatisation and power", Dag Hammarskjold Foundation,
2006, which is available for download from a link at
< www.dhf.uu.se/press_release_carbon.html >.
While it doesn't fully comprehend the alternative to carbon trading, and, for
example, doesn't realize that carbon taxes are also an attempt at a market-
based solution, it does have a tremendous amount of useful information. It's
a valuable document.
I would also note that while a general carbon tax is also taken as the
opposite to carbon trading, that isn't so. (Here I am referring to a carbon
tax taken as a major measure in itself, and not simply a minor supplement to
regulation.) They are both based on the idea that, so long as a proper price
can be found for carbon emissions, market mechanisms will provide a solution.
That simply isn't so. I critique the carbon tax in
"THE CARBON TAX: Another futile attempt at a free-market solution to global
warming", available at
< www.communistvoice.org/42cCarbonTax.html >.
- Joseph Green
Les Schaffer wrote:
> Eugene Coyle wrote:
> > The European market for carbon allowances has dropped to just over 10
> > Euros.
> >
> > So much for Cap & Trade as a way to guide investment in clean energy.
> >
>
>
> have you or someone else written on cap and trade? i have a student
> doing an independent study on energy generation and use and she is
> interested in cap and trade.
>
> thanks
>
> Les
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