Post Copenhagen: Cap & Trade primer

Is cap & trade carbon dealing a first step toward meeting the need to reduce greenhouse gas emissions or just the latest investment bubble scheme? This video, he Story of Cap & Trade, brought to you by the Story of Stuff folks, lays out the pitfalls inherent in marketing the right to pollute, from free emissions permits for big polluters, the difficulty in verifying that "offset" carbon represents a real reduction in emissions, free permits to big polluters, fake offsets and fraud, and distraction from real issues of economic justice. The film's a quick rundown on what cap and trade is all about, and where it will likely fall short of what's needed: