If you are referring to carbon credits then yes I agree, that seems to be a scheme cooked up by speculators and their political cronies. Nefarious actions by political crooks shouldn't override good science - but it does.
A lot of the headlines focus on this really bad idea.
As far as I can tell from the data for solar ( http://science.nasa.gov/science-news/sc ... rediction/
) and climatological cycles ( http://en.wikipedia.org/wiki/Climate_oscillation
and http://science.nasa.gov/science-news/sc ... st20oct_1/
) , we should be heading for another mini Ice Age. I do remember the concerns from 30 years ago even though I'm a whole lot younger than you.
Hey it's just science!
What is pretty solid science is that ice cores have shown that more CO2 in the atmosphere is associated with warmer times.
All things being equal, a higher CO2 count will cause higher temperatures because of the greenhouse effect. But all things are not equal and by sheer luck we may be countering the effects of a mini Ice Age. Who knows? Since earth is not a static model this is where the speculative part of the argument comes into play.
Aside from the temperature dilemma there is a pH dilemma for the oceans. http://en.wikipedia.org/wiki/Ocean_acidification
Research has found that corals, microorganisms, and shellfish experience reduced calcification when exposed to elevated CO2. This has a lot more solid science behind it, a much more predictive cycle, and could be a lot more devastating for humanity.
Anyway being the liberal thinker that I am,
I propose that we develop nuclear alternatives, thorium reactors in particular ( http://en.wikipedia.org/wiki/Thorium
and http://www.forbes.com/sites/williampent ... -possibly/
I look at it this way if we're heading for a mini Ice Age, Nuclear fuel will heat our homes.
But if we are heading for a major warming event, Nuclear fuel will run the air-conditioners.
Building Thorium reactors will greatly reduce the Nuclear fuel disposal problem.
Building Thorium reactors will allow us to take aging, less safe Uranium reactors off line.
Building reactors will boost our economy the way building the Hoover dam helped in the depression.
...and they will do all this with out increasing greenhouse gasses or adding to the acidification of our oceans.