Some see carbon trading as a government takeover of the free market.
That's because the reason behind carbon trading is to make money, not to save the planet.
Carbon trading is expected to become a $70 billion a year industry by the time the adaptation fund goes into effect in 2008.
In 2004, it became one of the first Indian villages to start carbon trading.
Money for renewable energy projects is available on easy terms, with or without carbon trading.
In 2010, the number of employees had doubled from 30 to 60, with carbon trading added to the company's activities.
Emerging markets in carbon trading may ultimately provide a model.
China is carrying out huge pilot projects on carbon trading.
Carbon trading is a market mechanism to achieve cuts in emissions.
Rather, a variety of new markets have emerged, such as for carbon trading or rights to pollute.
