Technological, not political, solutions the root of the problem

摘要

The price of carbon has nose-dived from last year's dizzying heights of over dollar 20/tonne to a miserable dollar 8. At such a low figure, no action of any sort will take place: no new tree planting, no moves to end the evil ways of carbon emitters like all of us. All this was entirely predictable. The ETS was never likely to work. The reasons lie in sociology, not in economics let alone climatology.