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The gift of a less polluted planet - now available from Sandbag! christmas pudding

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market mechanisms

King Corn and Capitalism

Markets - are they good or bad? Emissions trading basically uses the capitalist system to try to deliver an environmental good. But if market based capitalism and its obsession with growth helped get us into this situation in the first place can we really trust the market to get us out of trouble?

I think Amory and Hunter Lovins and Paul Hawken got it right when they set out their theories for harnessing market forces to help us stay withing ecological limits (I always recommend chapters 12 and 13 of their excellent book 'Natural Capitalism' to anyone just getting into the issue of climate change - it's clear, leaves you with a sense of optimism and it's available for free online)....

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AUSTRALIA REVEALS ETS PLANS

Last week the Australian government published a white paper on the implementation of a Carbon Pollution Reduction Scheme ... an emissions trading scheme in all but name.

In true Crocodile Dundee fashion the Rudd government has declared to the EU: "That's not an ineffective emissions trading scheme; this is an ineffective emissions trading scheme!".