climate house believes were too late global climate change
Despite the failure of the Copenhagen Protocol, local, regional, national, and international organizations are all still working on solutions for climate change. The Kyoto Protocol was a failure by virtue of its design (too many credits would have gone to former Soviet countries whose GHG reductions were entirely attributable to economic collapse, which would have resulted in a cash transfer but no real reductions). Discussions continue on how best each country can reduce their GHG emissions while remaining economically competitive. The EU ETS trading scheme is an example of just such an endeavour. (See Carbon Trading Schemes)