‘Free market’ carbon trading solution to climate change?

From the University of Edinburgh Free market is best way to combat climate change, study suggests The best way to reduce carbon emissions and combat climate change is through the use of market forces, according to a new study. Researchers who monitored the effectiveness of the European Climate Exchange (ECX) – the world’s biggest carbon…

Countdown to flatline: world carbon trading market falls for first time – World Bank reports rumblings of possible failure

I wonder how long before flatlining occurs, like last year with the Chicago Climate Exchange (CCX):   Even the Guardian is covering this “failure” of carbon markets. They write: The international market in carbon credits has suffered an almost total collapse, with only $1.5bn (£916m) of credits traded last year… Now that the Kyoto protocol…