US casts doubt on global carbon market

US casts doubt on global carbon market

news.yahoo.com

The European Union as well as US allies such as Australia and Canada are working on separate schemes to reduce carbon emissions and these cannot be brought together easily, Watson said.

"I think you're seeing differences ... among these schemes, so getting all of this together in one global carbon market, I think that it's going to take some time," Watson said.

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This is good news to me. It means that a global carbon tax is still not in our near future. I don't think there is a need for a global tax, corporations already get tax breaks and save money by "going green." That should be enough incentive for them.

news.yahoo.com
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