Lots of hot air but no action

The following excerpt is taken from The Times' comments section quoting James Cameron, Vice Chairman of Climate Change Capital:

'Brussels has turned a brilliant idea for creating a carbon market into nothing but a tax on Britain', Camilla Cavendish writes.

'EU bureaucracy and protectionism are intensely irritating, but it is essential to develop a carbon market that works on a European scale, for the great hope is to build one that is truly global. James Cameron, head of the carbon broker Climate Change Capital, sees a future in which Western steel manufacturers and utilities pay to build biomass and solar power in China. "We have one atmosphere, it is very thin and very delicate and it doesn't matter where you take out the tonnes of carbon but it does matter when. Now is good." Amen to that.'

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Lots of hot air but no action