It sounds pretty bad. If we can’t count on Willie Nelson to shoot straight, what can we count on? The compliance and voluntary emissions markets are a mess, to be sure. But does that mean that Newt Gingrich was wrong, and that the open market will not solve Earth’s global warming problems? Well, no. The lucrative growth of “green” markets has, at the very least, sent a clear signal to politicians and lawyers that legislation, regulation, and standards on needed if low-emissions economies are to succeed. Perhaps policy makers need to put a few of John Kerry’s suggestions into the mix, and tighten national and international market protocols. As with all good debates, the solution lies somewhere in the middle, and the press and the public must not lose sight of the fact that emissions-trading schemes are incredibly novel frameworks. It is up to government to refine the system based on what it has learned from the markets; and it is up the press to a close watch as they on those markets as they continue to grow.
Behind the News — April 11, 2007 04:24 PM
Emissions Markets: The Good, The Bad, The Ugly
The press, the markets and politicians get all mixed up.
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