Nothing disastrous has occurred in North America’s fledgling carbon market — yet — other than a recent crash in the price of carbon credits, which, while alarming, wasn’t due to fraud.
But Europe’s older and larger cap-and-trade market, the Emissions Trading Scheme, is overrun by fraud.
Don't forget cap and tax! The HST will apply to the carbon tax stuck on electric bills and fossil fuels here in Ontario...FORWARD! over the fiscal cliff with tax on tax.
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