Turning People into Corporations

carbon trading systems, at least as they are currently constituted, have some major flaws. For one thing, they mostly just move the problem around. “Carbon offsetting is (at best) a zero-sum game and does not lead to global emission cuts since greenhouse gas reductions in one place are cancelled out by continued pollution elsewhere,” observes Khaled Diab of Carbon Market Watch.
In California, the cap-and-trade system may have played a part in the impressive reduction in the state’s carbon emissions, but it hasn’t addressed the equity problem: low-income communities still suffer disproportionately from the health impacts of carbon emissions. More

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