From the mail in England. The Europeans have been doing cap and trade for a couple of years. OF course it hasn't done anything about the climate. Or reduced Carbon emissions, but it has given bureaucrats a great deal of money and created business opportunities for those trading the credits. When put in place over here, Algore will become a billionaire and we will all be poorer, but it's for a good cause right? All the while people in the third world will die while people congratulate themselves on 'being green'. The great carbon credit con: the 'eco' companies causing pollution | Mail Online Who regulates the regulators?