re: #649 Ford_Prefect

I think we need some fresh air.

*looks around for an afternoon open thread

Did someone say fresh air?

Set up to price pollution out of existence, carbon trading is pricing it back in. Europe’s carbon markets are in collapse.

Yet the hiss of escaping gas is almost inaudible. There’s no big news headline, nothing sensational for TV viewers to watch; no queues outside banks or missing Texan showmen. You can’t see or hear a market for a pollutant tumble. But at stake is what was supposed to be a central lever in the world’s effort to turn back climate change. Intended to price fossil fuels out of the market, the system is instead turning them into the rational economic choice.