The scientific community has been at a consensus for some time now that not only is global warming a very real trend but we as humans are the ones that are behind it. We may like to avoid this fact in our lives but our governments are afforded no such luxury.  The Kyoto protocol has tried to facilitate a solution known as “cap and trade”.  The idea is complex so I have found a video that helps explain.

The first four minutes are about what cap and trade is while the last six explain why it will not work.

The video was made in 2009 while a very recent Economist article come to the same concusion. It seems that our quick fix solution is not working out as the one billionth CER has just been rewarded while the price for them has dropped to 25% of the original in five short years. It is becoming increasingly clear that this solution only works on paper. Canada should be ashamed after backing out on the Kyoto protocol and its citizens need to do more to force the issue as our current plan is not working.