this link goes to an interesting critique of the whole idea of carbon trading...the rest of the book outlines the state of affairs around it, the linkages to neoliberal institutions, the idea that this derivative trade is somehow an alternative to regulation, on and on.
http://www.thecornerhouse.org.uk/pdf...arbonDDch5.pdf
it's basically an outmoded idea that's been put into motion across the kyoto protocols and will probably not last the mutation that's taking place as we write things back and forth.