Larry Lohmann, author and founding member of the Durban Group for Climate Justice, explains how carbon trading works, why it is an ill-conceived response to Climate Change, and why Bush and Gore are not as far apart in their policy prescriptions as some of us believe.

Further reading:

• Al Gore’s climate solution – David Morris, Alternet
• ‘Obscenity’ of Carbon Trading – Kevin Smith, BBC News
• The Carbon Folly – Emily Flynn Vencat, Newsweek
• Smoke Alarm: EU Shows Carbon Trading is Not Cutting Emissions, Guardian
• Carbon Trade Watch Website – various articles
• Emissions Trading – Wikipedia article, with additional links at the bottom