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Carbon trading will fail because property rights cannot exist for gases

Posted on 18 October 2011

Economically sustainable markets are built on the back of secure property rights, but because secure property rights cannot exist for greenhouse gases, emissions trading has a structural flaw that will ultimately unravel.
In a speech to the Liberal Party’s Menzies Research Centre think tank, Tony Abbott has warned businesses not to buy auctioned emissions permits to participate in the Gillard government’s planned emissions trading scheme operating after 2015……………………………………….Full Article: Source


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