[Shermy]

This guy doesn't "get" it.

Kyoto is setup so carbon emissions limits won't be met, thereby making the carbon trading markets viable.

It's about trading carbon credits, moving money overseas, moving money from corps to overseas assets wherein board members have undisclosed ownership interests, "elegant" financial derivatives, lobbying govts. for higher carbon allotments than smaller businesses can lobby for, et.c etc.

The core is carbon credit trading. The rest is just distractionary tactics.

"Offsets are crucial, we can't do this without offsets."

--Al Gore

[ClaireSolt]

I agree. It is a financial scam, brought to us by the same scoundrel who hyped the internet and created the dot.com bubble. Offsets are like indulgences. Where is our Luther to denounce them?

[calcowgirl]

I'm waiting for someone to publish the exposé on this scam. I haven't seen it yet.

Surely there is one honest, diligent, intelligent journalist out the... or, maybe not. ;-)

[pepsionice]

The truth about these carbon credits that the Kyoto dudes want to trade or swap...is that its just like my son and his purchasing of "invisible weapons" for his stupid computer games. Its the expenditure of money for imaginary things which you can only "think" they exist...so then they have value.

Adding to this silly economics game...is the fact that you must tax the wealthy...and parcel that money to the poor (yep, its the Robin Hood-game completely). The money you hand the poor countries...will end up either in corrupt practices or help them buy their own coal-fired plants or increase the number of cars within that country. Any real Harvard economics professor will tell you that poor civilizations being given cash...seek to bring their living standards up to the level of the rest of the world...a car in every garage, etc.

Finally...here is the best part...when you finally have President Hillary or President Al...and they start this taxation...there will be thousands of lawsuits going through the court system where people don't want to pay the taxation. Put yourself into this scenario...you moved to Montana...you put up a solar cell operation and a windmill generator. You get 90 percent of your power via your own devices...all green. Yet you still get taxed on the Kyoto effort. For you...this is not fair. This is the game of fools...where no one can win and everyone must lose.