| Nations around the world have signed up for a CO2 'cap-and-trade' system, but questions abound over its effectiveness. Can the carbon market attain enough credits to help halt global climate change? How, with its diversity of climate mitigation efforts, can carbon contracts be kept feasible enough for the markets to grow? And are there costs to biodiversity and indigenous people living in or near forests?
Under the 1997 Kyoto Protocol, 193 countries committed to reduce their annual rate of greenhouse gas emissions by four per cent compared to 1990 levels. One of their suggested methods for implementing the goal was a "cap-and-trade" market...............................................Full Article: Source
|