A recent six week investigation by the Financial Times found widespread profiteering and fraud in carbon trading, the main mechanism for greenhouse gas reduction proposed by the Kyoto treaty. Many schemes will produce only limited reductions in greenhouse gases and will have little or no effect on global warming.

The environmental
problems
we face are creations
of the capitalist system.
The problem is that
there is no planning on and no concern for environmental issues in an unplanned
economy. Short-term ‘rational' decisions produced
environmental disaster in the longer term. Socialism is
the only way we can protect the environment.

The Stern Report highlights the problem of global warming linked to the high emissions of carbon. Stern tries to find a solution within capitalism, without understanding that capitalism is actually the problem. The unplanned, chaotic nature of the system, where all is based on immediate profit means no real solution can be found within it. The answer lies in planning and that can only be achieved under socialism.