Quote:
Originally Posted by TBaslim
I hear ya, but isn't your example a simple case of fraud and a poorly regulated/executed system, not a fundemental issue with the concept of carbon credits?
Either way, the Wired authors stretched pretty hard to make contrarian articles to draw viewer eyeballs. Kinda like cable news these days. 
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Yeah several of their arguments are borderline fraud themselves but I do think it's good to generate debate. If you look at the site that's exactly what it did.
And yes this was just fraud with carbon credits but the entire system of trading carbon credits etc isn't working in Europe. That was the immediate reaction from companies who ratified Kyoto they jumped into the carbon credit markets because it's the easiest way to "reduce emissions" without actually reducing them. As you've probably heard Europe's efforts to meet Kyoto have been a colossal failure and one of the stated reasons is there was so little actual reduction in emissions because people just figured hey we'll just buy credits to offset that.