It's been a while since I read it through but their basic point is that carbon credits are to the environment what indulgences were to the mediaeval church.
Mediaeval Catholic church please. No other church sold indulgences (the other major church, Eastern Orthodox, definitely did not). Yeah, I'm a semantic nazi.
PS: great comparison, I'll steal it for my own arguments. With your permission of course.
Not my comparison, so go ahead. The PDF I linked to was interesting because I'd always wondered if carbon trading (in all its forms) helped much, and the answer seems to be "no".
PS: great comparison, I'll steal it for my own arguments. With your permission of course.