This is not to say this is the wrong approach. One could argue that the development of any market needs to go through these growing pains and whilst some criminals will make millions the ends justify the means. It all depends on the extent of the problem and the eventual gains to society and indeed the planet.
Market Remedy to Climate Change Stalls [PlanetArk]
The world's biggest source of private sector investment to fight climate change in the developing world has stalled pending complex global climate talks and uncertain demand.
The US$13 billion trade in carbon offsets has also come under withering attack over profiteering and scam projects to cut greenhouse gas emissions.
Carbon offsets allow people and businesses to pay others to cut emissions of planet-warming gases on their behalf, and is meant to cut the cost of fighting climate change.