Price on Carbon Failing to Reduce Greenhouse-Gas Emissions
Monday, November 28, 2011 - 06:30
in Earth & Climate
Alberta’s $57 million carbon-cutting program is failing, according to the latest report from the Canadian province’s auditor-general, Merwan Saher. Like many such programs around the world, it includes an emissions trading scheme , which allows polluters to meet their emissions reductions targets by buying carbon offsets from a selection of approved projects. The offsets are supposed to be real, measurable and provable. But the report claims that the province, despite earlier warnings, has not improved its regulatory structure--and calls the emissions estimates and the offsets themselves into question. [More]