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No less chagrined must be Gordon Brown, who sees the carbon market as key to the global response to climate change, and to the economic fortunes of the City of London. As Brown told WWF in 2007, the government wanted binding limits on developed country emissions in a post-2012 climate agreement,
because London was the world's carbon trading capital, and "only hard caps can create the framework necessary for a global carbon market to flourish". "
The great achievement of the (Kyoto) protocol was not to reduce carbon emissions – - they actually rose at an increasing rate under its watch,
- three times faster in the early 2000s than during the 1990s –
but to create a market in emissions rights and notional emissions reductions worth tens of billions of dollars a year.".. (paragraph 3 in article)
This from 'climate central,' the UK. The useful idiots drawn into the global warming scam are salesmen of hate for billionaires peddling the biggest crime in history. The NY Times and Washington Post refuse to report this scandal, much less make it front page news. Too much money involved. Anyone who cares to look will find carbon trading's roots had nothing to do with saving the environment. You remember of course,
Enron? ed.
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