Carbon markets can't work, won't work.

redd-monitor.org: "The financial firms that helped create carbon markets, “have a vested interest in market instruments that are complex, opaque, volatile, and hard to value”, Levy writes, adding that, “there are legitimate grounds for concern that carbon markets were not designed to provide the clear and simple price signals needed to stimulate a broad transition to a low-carbon economy.”"

Many years and hopes put into carbon market turn out to be a waste

European carbon market’s trouble darkens outlook for remedying climate change - The Washington Post: "As the regional plan falters, some countries are going it alone on domestic initiatives. This year, for instance, Britain introduced a carbon tax on emissions that British manufacturers say has put them at a competitive disadvantage with their counterparts on the continent. It suggests the potential pitfalls ahead as countries and even smaller jurisdictions such as states, provinces and cities introduce a disparate patchwork of climate-change measures."