http://themoderatevoice.com/27463/the-derivative-at-the-end-of-the-world/ An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right Wed, 30 May 2012 16:53:31 +0000 hourly 1 http://wordpress.org/?v=3.1.2 http://themoderatevoice.com/27463/the-derivative-at-the-end-of-the-world/comment-page-1/#comment-177978 GreenDreams Sun, 29 Mar 2009 21:11:17 +0000 http://themoderatevoice.com/27463/the-derivative-at-the-end-of-the-world/#comment-177978 Actually, emissions trading is not that "untried". It has been effective in the US in reducing acid rain under the Sulfur dioxide trading system started in 1990. The program has cut acid rain by about 50% and the Great Lakes are recovering as a result. Like carbon trading, it allows a slower moving company to buy emission credits from a faster moving competitor or share in the savings of new lower-emission facilities. It is estimated that the cost of the 50% savings was 80% lower than a simple per-plant emission standard. In the case of carbon trading, it allows a polluter to buy credits from an accredited pollution saving program, such as sparing a primary forest, planting new trees or scrapping a polluting factory. Actually, emissions trading is not that “untried”. It has been effective in the US in reducing acid rain under the Sulfur dioxide trading system started in 1990. The program has cut acid rain by about 50% and the Great Lakes are recovering as a result. Like carbon trading, it allows a slower moving company to buy emission credits from a faster moving competitor or share in the savings of new lower-emission facilities. It is estimated that the cost of the 50% savings was 80% lower than a simple per-plant emission standard. In the case of carbon trading, it allows a polluter to buy credits from an accredited pollution saving program, such as sparing a primary forest, planting new trees or scrapping a polluting factory.

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