via Carbon Trading: Environmental Godsend or Giant Shell Game? | Global Warming | DISCOVER Magazine.
…According to Larry Lohmann, a researcher with the U.K.-based nonprofit the Corner House and editor of a book criticizing the carbon trade, “Even here in Europe, we’re nowhere near being in possession of the technology and enforcement we would need to run a respectable cap-and-trade program, which we’re already supposedly running. The margin of error for what’s coming out of the stacks is way too wide to say whether emitters are in compliance with regulations. And when it’s left up to the companies to do the reporting, they have a huge amount of discretion in saying how much they’re emitting.”