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Well... No denying the mean sea level is rising, thepolar caps and glaciers are melting, and it is getting warmer.
Humanity has shown many times before that it can't resist consuming all of a resource and will not change its ways until a finite resource is gone. All of it.
IMHO the carbon trading scheme will just be a very expensive white elephant, a huge burden to taxpayers, and create yet another bureacracy that achieves absolutely nothing beyond justifying its own existence.
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