Everyone's Mesmerized by the Market — Except Mother Nature!

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Whatโ€™s the difference between โ€œcap-and-tradeโ€ and a โ€œcredit defaultย swap?โ€

Notย much!

โ€œAll the methods of pricing carbon permit the creation of a carbon market that will allow us to pollute beyond a catastrophicย tipping point. In other words, they require us to put a price on the final โ€œkillingโ€ tonne of CO2 which, once emitted, tips the balance and triggers runaway global warming.โ€ย ย 

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