Cap-and-Trade Fraud in Europe

It's a lesson to be learned, critics of cap-and-trade say. Creating such a system in the United States would invite "corruption, illegality and criminal activity," much as it has in Europe, said Max Schulz, senior fellow at the Manhattan Institute.

"This is the problem with politicians trying to create a market for something that the free market otherwise doesn't value," Schulz said. "An emissions trading market is an artificially, politically-created market....

"If we pass a system like Europe has, we're going to get all the problems Europe has experienced," he said. "You're asking for a lot of problems."

My thoughts? It's too bad there are so many corrupt people in the world! If you haven't already, read the above post about U. N. Forest-carbon scheme, and note that again the main challenge to this being successful is from corruption.