Carbon credit could be causing global warming

Europe has embraced the trading of carbon credits and the practice is expected to be adopted by other counties such as the United States. It allows government officials to give valuable contracts to pollute to companies they select. When a company does not use all their pollution credits they sell them to a company who can. This assures that all the pollution that the government allows is created. It also allows government officials to give the equivalent of money to companies that support their election. There are many ways to reduce pollution. If fines and regulations are not working how is a system more susceptible to corruption going to work? The same system for carbon credits was applied to tobacco during the depression. It was recently eliminated at great cost and after billions of dollars of subsidies.
Wall Street Journal Carbon Credits
New York Times tobacco subsidies