DeSmog

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

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What’s the difference between “cap-and-trade” and a “credit default swap?”

Not much!

“All the methods of pricing carbon permit the creation of a carbon market that will allow us to pollute beyond a catastrophic tipping point. In other words, they require us to put a price on the final “killing” tonne of CO2 which, once emitted, tips the balance and triggers runaway global warming.”  

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