No it does not. It depends on what cap on emissions the Guvnuts put on and the permits to cover that cap and then trading in the permits and also whether foreign permits are allowed, etc. This is for a cap and trade system.
I remember back in around 2009, from memory, where Eastern Europeans flooded the European market with permits (crap actually) and the price of the permits became a "dime a dozen" - so yes, the charlatans are always there to make a buck!
Why do you think Malcolm is so keen on this? No it is not for the future of the world, IMO! There are big bucks to be made by the financial and legal industry, etc!
BUT let us not put the cart before the horse! First of all they have to demonstrate that there is such a thing as AGW! There is not! Just have a look at all the dire predictions by the most corrupt org in the history of mankind, IMO, the IPCC. I say "the most corrupt" because if ever there was an org that should have been honest with we the people - it is this org. They have failed us miserably, IMO!
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