<![CDATA[Grist - Comment Feed for European cap-and-trade program gets a positive review]]> Grist Comment Feed en Comment #1 by Gar Lipow http://www.grist.org/article/lehman-on-the-european-union-emissions-trading-scheme/ Wed, 26 Sep 2007 07:16:16 -0700 http://www.grist.org/article/lehman-on-the-european-union-emissions-trading-scheme/1 Emissions are not on target

The point of ETS was NOT to put a price on carbon. That was the means. The end was to be a specific amount of emissions reductions from the nations participating. At the moment emissions are not on target for the Kyoto treaty. And I mean emissions for participating nations, not emissions worldwide for all nations. Further, many of the reductions that are  credited are CDM. At least 20% of CDM is documented to fail additionality tests (f5 gases where emissions are increased in order to be decreased.) A great percentage of remaining CDM reductions are of doubtful additionality.  

]]> Emissions are not on target

The point of ETS was NOT to put a price on carbon. That was the means. The end was to be a specific amount of emissions reductions from the nations participating. At the moment emissions are not on target for the Kyoto treaty. And I mean emissions for participating nations, not emissions worldwide for all nations. Further, many of the reductions that are  credited are CDM. At least 20% of CDM is documented to fail additionality tests (f5 gases where emissions are increased in order to be decreased.) A great percentage of remaining CDM reductions are of doubtful additionality.  

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