Why Carbon Cap and Trade is a Fraud

I've always said that it is rife in opportunities for gaming the system and abuse.

We now can say that the system has already been gamed and abused:

China dams reveal flaws in climate-change weapon

By JOE McDONALD and CHARLES J. HANLEY – 1 day ago

XIAOXI, China (AP) — The hydroelectric dam, a low wall of concrete slicing across an old farming valley, is supposed to help a power company in distant Germany contribute to saving the climate — while putting lucrative "carbon credits" into the pockets of Chinese developers.

But in the end the new Xiaoxi dam may do nothing to lower global-warming emissions as advertised. And many of the 7,500 people displaced by the project still seethe over losing their homes and farmland.


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This is not a but, it's a feature. If you want Wall Street and its worldwide siblings to run this shell game, this is what is called "value added".

This is why a carbon tax is the way to go.