So don't start at that end of the donkey.

Jerome a Paris:

Why do we even bother then?

I believe in attempting solutions that I think, based on my own experience, have a good chance of working.

Emissions trading is not one of them IMHO, not in a million years.

I lost a good livelihood, and everything I had, on a matter of principle when I blew the whistle on the exact same manipulation that the CFTC have just disciplined Optiver over.

Only now, seven years on, am I being vindicated.

Why did I bother? Because I believed it was the right thing to do...

If you can think of a way to make emissions trading viable, then I will regard you as not just a top rate banker, but a miracle worker.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky