Discouraging for now?

The carbon markets, and carbon economy has taken a hit with recent news of 'recycled' carbon credits.  A new market initiative?  Well not really.  A form of emission trading business has been around for decades.  Richard Sandor (Climate Exchange) was one of the first that I ever remember reading about in the early 90's.  The AirBank and CantorFitzgerald were also significant players for a period as well, or seemingly so.  I have found it interesting that efforts like the certification for EMS (ISO14001) and emission trading have had such a hard time becoming accepted.  Maybe it really is not the right approach for managing these issues.  The recent stories of 'recycled' carbon credits does not help the effort.  The emissions trading discipline is fraught with image (and other real) challenges.  The key to these efforts should be in building credibility, and particularly regarding the economic footing of the process.  I understand that this is more than an economic process, but considering a whole host of influencing circumstances, there needs to be a credible argument put forward on how this process will work over the long term - socially, technically, practically, realistically, and economically.

Environmental Leader

Carbon traders voice fears over recycled carbon credits ‎ The Guardian - 4 days ago Government officials confirmed the CERs had been provided by Hungarian companies that had surrendered the UN-approved carbon offset credits to help them ... Hungary Says Big Trader Bought Used Credits, Rattles CO2 Market‎ - BusinessWeek EU's Recycled Carbon Credit Crisis Torpedoes Market‎ - Environmental Leader EU acts to shut out recycled CERs‎ - Carbon Positive