| Carbon Trading - Pros and Cons |
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While carbon trading have a strong group of supporters, there is also those who believe that it will have little impact on climate change unless its current format is changed.
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| Why Carbon Trading is a good idea |
1) It provides a strong financial incentive to reduce energy consumption2) The EU has a working carbon trading scheme ready for use. 3) It is an easy and powerful tool for Governments to use to drive emissions down. |
| Why Carbon Trading will have little effect on global warming |
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1) It enables Governments to avoid implementing tough measures to reduce emissions.
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| Recent changes that may benefit carbon trading |
1) The EU is hoping to bring aviation into the ETS by 20102) California and Britain have in August 2006 agreed to explore how California may be able to join the European Emission Trading Schema (ETS). 3) Los Angeles and London have in August 2006 agreed to explore how Los Angeles may be able to join the ETS. |