The so called emissions trading system aims to control carbon emissions by allocating tradable permits.

It can be bought and sold, to some extent, but it cannot be traded to third parties, and it is not entirely fungible.

But it was done a demonstration of the feasibility of multi national carbon trading that has enormous implications for the construction of a global trading regime.

But attention is neither a currency nor a commodity. It can be bought and sold, to some extent, but it cannot be traded to third parties, and it is not entirely fungible.

Six years after our Orange Revolution, not only is my country s democracy under threat, but the rule of law is being systematically perverted and our national independence bartered away.

International commodity prices will continue to rise, increases in domestic labor costs and prices of non tradable goods cannot easily be stemmed, the international economic situation will encourage further capital inflows, and asset inflation will persist.