One of the measures that have been introduced lately to combat climate change/ global warming is the Cap and Trade mechanism.
The idea is to introduce limits on carbon emissions and then allow for these limits to be negotiated and traded among polluters. However, if the problem is to reduce/limit the emissions why do we need a mechanism to trade these? And, by trading them do we actually work on reducing them? It seems to me that by introducing a trading system will not correct the bad practices that currently exist among industry and emitters, for these will be able to buy the extra credits of others to continue polluting at the same level as before, creating inequalities between companies and maintaining current practices to appear as "acceptable" if a fine is paid. Fines, however, as I see them do not reduce any emissions, now do they?
JSC
No comments:
Post a Comment