CNN.com asks Michael Gillenwater about Carbon Trading
Will carbon trading work?
December 14, 2009 11:41 p.m. EST – From CNN.com
(CNN) — Carbon trading — with its mix of free-market principles and government regulation — holds global appeal as a way for businesses to reduce emissions. But lack of a global market for carbon trade and questions over surveillance and accounting for pollution offsets raises questions about its viability.
The factors complicating accurate carbon-trading reportage begins with the “product” — in this case the absence of an invisible gas. Adding to the intangibility is the crediting of businesses for projected reductions in greenhouse gas emissions.
Read the article in its entirety – http://www.cnn.com/2009/BUSINESS/12/14/carbon.trading.explainer/