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Politics : The Environmentalist Thread

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From: Elmer Flugum	5/12/2007 3:01:32 PM
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Green market forces Carbon-trading schemes would provide many benefits, if only their failings were tackled economist.com GONE are the days when hemp-shoed Greens hurled invective at besuited businessmen, while corporate leaders derided environmental types for seeking an unattainable utopia. Increasingly the rival sides agree with each other. Carbon-emissions trading schemes implemented to foster compliance with greenhouse-gas limits set by the Kyoto treaty have become the main showcase for this convergence. Just this week the New York Mercantile Exchange said that it planned to join other energy exchanges in trading carbon-dioxide emissions credits and New Zealand announced the introduction, by mid-2008, of a carbon cap-and-trade system that will cover all areas of its economy. Carbon trading is clearly gaining traction around the world.

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