"I am getting regular phone calls from Chinese electricity companies watching the backloading crisis in Europe," Scott said. "This is not invisible. We are saying, 'have confidence in carbon markets,' but we aren't going to do anything about confidence in our own climate market. It's absurd.
In a nutshell, the problem seems to be that carbon has gotten too cheap. The only way to fix the system is to increase the prices on carbon, but that threatens the already weak economy there.
Funny. Here, on this blog, there have been two pretty good solutions to their so-called carbon problem, but where's the implementation of them? (That would be molten salt nuclear reactors and electric cars.) But this carbon trading mechanism was supposed to encourage adoption of carbon free energy technology, and it isn't working out that way. Why not?
Is it about guilt and not about actual solutions?
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