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State and trends of the carbon market 2007 (الإنجليزية)

This report points out that there is a tendency to believe that the carbon market is somehow a magic bullet that will alone save the world from global warming. While the authors recognize the enormous strength and potential of the market to achieve results, it would be wise not to assume the market will provide a painless, magical way to mitigate climate change. First, the market does not set the level of a cap, policy-makers do. The market can only...
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