Part I provided a brief explanation of carbon credit trading, but now the question is whether or not such a market is effective in stemming global warming. The answer is not as straight forward as one might think.
The Way it Could Be:
With the major global influx of government spending on renewable resources and environmentally friendly technologies, the renewable sector is making a quicker recovery than other markets. The carbon trading markets in particular, have shown impressive growth -- most notably in developing countries.