24.06.2015 - Even the pope gets it – carbon markets won’t fix the climate
Pope Francis’s encyclical on the environment has quickly made him one of the world’s most significant figures in the climate debate. His message was notable not just for its acceptance of mainstream climate science but also for its outright rejection of market logic. Nowhere is this more clear than when he addresses the various emissions trading and carbon offsetting schemes that leave decisions such as whether to phase out coal power in the hands of the market. These “carbon markets”, he said, are a “ploy which permits maintaining the excessive consumption of some countries and sectors”...............................................Full Article: Source
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