Been hearing plenty about Carbon Trading lately.
I've heard that it will be (or already is) a tradable instrument on some exchanges?
So, we're going to be paying more tax to reduce carbon... how does this tax that I'm paying help clean the environment up?
Yeh, sure it will go to the companies that pollute so they can build better infrastructure to minimise carbon emissions, but who will regulate the money they receive?
You all know about "carbon offset credits"... why should I feel better by giving my hard earn money to some 'organisation' that will 'manage' it.... to me it feels like sinners buying forgiveness... "here, take my money,... i'm not guilty anymore. It's someone elses' problem now"
So back to the heading, how does carbon trading work? How is it 'tradable'? It's not like it's a desirable commodity is it?