Look to this link of a similar question posted on GreenAnswers: http://greenanswers.com/q/89045/climate-change/policy/how-does-carbon-credits-help-or-hurt-environment
I’ll address, or attempt to, the political realities of carbon emissions trading: many prominent elected officials have flip-flopped from their stances. Initially, carbon credits were greeted with a decent level of support from both liberals and conservatives; that has changed. On a global scale, the incipient market of carbon credits has not gained much traction, and without a strict mandate, will not for the foreseeable future. United Nations officials have voiced their disappointment, and the results have been unimpressive: “the only demand for forest carbon credits has been in the voluntary carbon market, worth $424 million last year.”
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