Michael Wara of Stanford, together with Kevin Smith of Carbon Trade Watch
and Platform and others, have won the Economist magazine's online debate
on carbon offset trading against Henry Derwent of the International
Emissions Trading Association, businessman Mark Trexler and others.
Some 55 per cent of readers voted in favor of the resolution: "This house
believes that carbon offsets undermine the effort to tackle climate
Emma Duncan, the moderator, had this to say:
The emphasis on free market mechanisms to resolve the climate crisis has not only patently failed to deliver carbon reductions but has also restricted funding and support for progressive social scientists to examine and put forward alternatives.