Questions about the benefits of Carbon Trading

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(Courtesy CBC)

Questions are being raised about how B.C.'s system of Carbon Trading really works in the effort to reduce greenhouse gas emissions.

The Pacific Carbon Trust is at the center of the action with the Trust essentially acting as a bank of sorts.

Companies pay into a fund for every tonne of carbon emissions created; however, if a company reduces its emissions, the money flows in the other direction. In other words, it's a financial incentive to cut the production of carbon based gases.

Schools and hospitals are now also part of the program and some critics say those institutions are being put in the position of subsidizing corporations.

It's a complicated arrangement, so to clear the air we spoke with B.C.'s Environment Minister and Kamloops-North Thompson M.L.A. Terry Lake.

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