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Published: Friday 19 July, 2013

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Of all the schemes under discussion to stop or limit catastrophic climate change, one of michael kors purses outlet store those getting most attention is pollution trading. This popular but littletried idea lies at the heart of some of the most pr michael kors purses outlet store ominent international approaches to the problem, including the Kyoto protocol and the Europea michael kors purses outlet store n Unions Emissions Trading Scheme EUETS. The trouble is, it wont work.



Pollution trading was developed in the US in the 1980s and 1990s to make reducing emissions cheaper and more palatable for heavy polluters. The idea is that if business A can reduce emissions more cheaply than business B, then B can pay A to make reductions for both of them. Moreover, by putting a price on emitting greenhouse gases, trading is meant to encourage businesses to invent new technologies to replace fossil fuel use. michael kors purses outlet store

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