carbon trading

OK - here's a real kicker.

Today I finished a major report for a client and decided to celebrate by watching the channel 4 news (yeh - geek girl!). So, they have a story about Carbon Trading - something I know nothing about - so I took notes.

Here goes what sounds like science fiction (and will you all just join the online library so I can swap some sci fi books).

Carbon trading came out of the Kyoto Agreement (or disagreement depending on who signed it).

Essentially, this is how it works. The carbon trading market involves big business buying credits for their emissions (read major pollution). If you go under your emission quota you can sell you credits to another industry that is over their emissions quota.