It’s a wonder that USA utilities aren’t clammoring for us to join kyoto. Sounds like free money for them and a big shaft for the consumers, who have bought into it hook line and sinker.
The thing about auctioning off the carbon credits won’t fix it either, because the companies are again just passing it all along to the consumer. What they will do is time their trades to try to make trading profits, which they do not need to pass onto consumers, and if they screw up and lose money trading credits then they will just pass that along. It’s a no-lose game for them.