Japan to obligate up to 400 major firms to join CO2 emissions trading

What's the Japanese word for scam?

Emissions trading is nothing but more than a money-go-round and the only ones who will benefit are the brokers who grab a fee for trading these instruments. And of course the consumers will pay for it in the end.

Idiots. Who ever came up with the whole ”carbon trading” must be laughing all the way to the bank. Idiocity at its best.

It's just another tax.

It's worth noting that emissions trading began as a policy under the Republican administration of George Bush Sr. The policy was designed as a market-based approach to environmental regulation, allowing companies to trade emissions allowances to meet pollution reduction targets.

Richard Sandor is credited as the key architect of emissions trading. Sandor was previously an executive at Drexel Burnham Lambert, a financial firm infamous for its role in the financial scandals of the 1980s, including the Savings & Loans crisis. The firm collapsed in 1990 amid allegations of corruption and illegal activities. Sandor is also the father financial derivatives, and helped draft the cap-and-trade system incorporated into the Kyoto Protocol.

madness.

virtue signalling by the govt that will most certainly be reversed amid little fanfare sometime in the coming months.