If they (people in power) could get this carbon trading thing going in Europe and if it ever got to an international level of trading it would do exactly what I proposed in my previous blog. Countries with rainforests would get rich by selling carbon credits to the rest of the world. The idea would be to get to the stage where the carbon going into the system balances the carbon going out. As there wouldn’t be enough carbon to go around this would push the prices high and companies would do all the little things they could to reduce emmisions. Such as planes with solar panels on the top to power the internal electronics. If the prices of carbon credits were high then these little things could make real savings.
On the other side countries with rainforrests would be trying to maximise the amount of carbon credits they could sell by halting the degradation of the forests and even trying to redevelop them. I imagine rainforest conservation would become a big business, employing a huge numbers of workers.
Realistically, it would need the US and china to get on board and as they would be the biggest losers in the system I can’t see that happening anytime soon. But if carbon trading could get off the ground in Europe it would be a start.