One way in which governments have tried to lower carbon emissions is to offer businesses and even individuals to do what is known as carbon trading. This practice allows people who are creating carbon emissions to offset these emissions by making donations to environmental groups or by doing things like planting enough trees to handle the emissions created. Governments around the world are scrambling to find new and innovative ways to reduce the amount of carbon they are releasing into the environment. Some have even come up with complex schemes to get people to produce less carbon, but some of these schemes are failing according to a recent report.
Environmental campaigners claim that the government policy of carbon trading as an answer to climate change is dangerous and irresponsible and could set off a financial collapse. Friends of the Earth recently did a study which showed that the policy of carbon trading is doing little to slow and prevent global warming. The claim that plans to enlarge carbon markets would be a disaster and will fail to protect the Earth from global warming. Carbon trading allows people and businesses to buy carbon credits which allow them to balance out their carbon emissions by offsetting them with things like donations to green organizations or planting of trees.
Even though carbon trading might be slightly effective in the short term it ultimately offers businesses disincentive to change their ways and stop the carbon emissions in the first place. Friends of the Earth contends that by allowing companies to take part in this governments are really just encouraging bad behavior.
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