Here in a nutshell is an excellent article dealing with how industry games the system and does not in fact lower pollution but in the long run increases it. Also it shows how fraudsters like Gore and Co. have been able to rake in millions of dollars with the scam.
?Perverse? CO2 Payments Send Flood of Money to China by Mark Schapiro: Yale Environment 360
?Perverse? CO2 Payments Send Flood of Money to China by Mark Schapiro: Yale Environment 360