The arguments infavour of “Carbon” trading is based on three assumptions:
a) that the limits set by government on carbon rationing is enforcable,
b) a liquid market can be established,
and most importantly
c) that it helps to reduce the effects of climate change.
The most common form of carbon credit is planting trees in the tropics. Some scientists claim this may lead to an increase rather than a decrease in overall “green-house” gasses. If this is true so much for “Carbon- trading”.