CNN: You wanted to know more about carbon trading, and Abyd Karmali, Managing Director and Global Head of Carbon Emissions at Merrill Lynch answered. How will the current financial crisis affect the carbon market? “For starters, kindly give the uninformed a simple definition of the term ‘carbon trading’.” Ako Amdi, Nigeria Karmali: “Carbon trading” has become jargon for “cap-and-trade system for reducing greenhouse gas emissions.” There are several concepts …