Drawbacks of Carbon Trading as it Stands Today

1. It enables government to find excuses for refraining from implementing tough measures against Global Warming
2. Kyoto protocol allows countries to allocate own industries large number of permits
3. The USA, Australia, China and other major polluters are not interested in carbon trading
4. Aviation, motoring and domestic energy use are excluded from carbon trading
5. CO2 emission growth from aviation is likely to cancel out any savings made under Kyoto
6. The carbon trading market collapsed in 2006 because too many permits had been allocated to polluting European industries e.g. no-one needed to purchase carbon permits to continue to operate within in their allocated carbon limits