Carbon trading made easy

Excellent article here on carbon trading and the fast pace with which it's been growing in Turkey. If you need the carbon market demystified/clarified, definitely recommended reading. The writer also points out, however, that there are justifiable concerns about regulating the carbon market. Given the financial implosion we've all been watching (and feeling), i think it's clear the obvious concern is that large carbon-spewing operations, e.g. electric utilities, which are tied to shady investment portfolios that go bust will seriously threaten the viability - let alone growth - of carbon free energy projects. Anyone out there remember Enron?