It’s likely that carbon trading will actually kick start the stock markets once again as surely as tulip bulbs and .coms have in the past. After all it’s a new commodity, and a whole bunch of industries and companies will start up to serve this brave new world.
If we are going to continue to trade carbon, then why are we going to use theoretical numbers to say how much we are trading? How much of this carbon commodity is really out there for us to trade? Who is going to audit us to see if we are polluting? - hang on, if we are going to be audited, can we switch our machines off on the day of the audit to show how clean we can be?
Is this a case of The Emperors New Clothes?
I uphold the old adage that “if you cannot measure it you cannot improve it” and until someone can prove to me different, I am going to stick to my old commodities of pork bellies and orange juice - at least I will be OK for breakfast!
