Reply #7: Carbon credits are a corrupt bargain in the first place. [View All]

[Meeker Morgan]

If you really really want to slow down carbon emission just a little, try taxing it directly. Enforcement wouldn't be perfect, but it wouldn't be the same farce of wealthy individuals and above all big corporations cynically buying their way out up front.

On what basis is it decided how many credits will be in circulation?

All sorts of political considerations, mostly geared toward suppressing less prosperous competitors of big business. Actually reducing carbon emissions is just a pretext, and not really implemented (modulo a few "Potemkin village" programs by the biggest emitters).