A few ideas regarding rebalancing the economy

[Anomalocaris]

The point of carbon trading is not just to encourage reduction in overall carbon emission. It is more importantly to rationalize the allocation of carbon emission according to the magnitude of economic benefit associated with the emission. If by emitting CO2, even lots of it, an entity can bring greater benefit to the society than the CO2 it might emit would cost the society, then the society will renumerate the emitter for the benefit in excess of the cost of CO2, and the emitter is able to use the income to facilitate the benefit and it's associated emission. If on the other hand another entity brings less benefit to society than the co2 it emits might cost the society, then its remuneration would be inadequate to cover its CO2 emission, and it must reduce it's emission or shut down.