Since early 2000 almost 7000 projects have sprouted on the UNFCCC registry, claiming reduction of more than 1.3 billion tonnes C02. All these projects except for a handful are corporately initiated, owned and controlled.  The carbon being traded is an icing on the profit cake of companies, thus subsidizing initiatives that should otherwise be penalized. If there is further profit to be derived from carbon trading it should make way for the poor.