The whole focus of the Harpocrites attack on Kyoto, even under the new Environment Minister, has been on how useless carbon credit trading is......
Ten major US corporations, including industry giants General Electric, DuPont and Alcoa, have joined forces with leading environmental groups to call for a slash in carbon-dioxide emissions of 10-to-30 per cent over the next 15 years. The New York Times says introduction of the group is aimed at bolstering the recent impetus for Congressional action on emissions controls and creation of a market “in which allowances to emit carbon dioxide could be traded in a way that achieves the greatest reduction at the lowest cost.”
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