At a time when Copenhagen talks and the Kyoto Protocol seem likely to end in failure, calling for an entirely different framework for addressing the climate crisis may seem like madness. Carbon Trading: How it works and why it fails produced by the Transnational Institute's Carbon Trade Watch Project, is sure to change your mind.
Due to the resistance of the northern governments, it now appears extremely unlikely that the Copenhagen climate conference will produce the strong, comprehensive agreement which the world needs to avert irreversible climate change.
It would be better for India to walk out of the talks then “greenwash” a deal that lets
the North shirk its responsibility for climate change and pass on a good portion of its burden on to the South’s underprivileged people.
As politicians meet for more climate talks in Barcelona, they continue to be fixated on measures like carbon trading that will only exacerbate the climate crisis. Fortunately the last year in the UK and worldwide has shown that direct action against carbon-intensive projects can deliver results.
India’s response to climate change has been paltry, half-hearted and directed at preserving existing elite lifestyles. Its credibility in international negotiations will only be restored if it takes urgent measures to reduce domestic energy use.
As the UN climate talks in Copenhagen get closer, it is clear that the discourse on climate solutions has been hijacked by corporate interests. Carbon trading is being promoted as the only solution to the climate crisis, pushing aside alternative approaches...and it's proving to be a farce.
Proposals to expand offsetting and carbon trading risk creating new loopholes, delays to urgent action in developed countries, and inequity by shifting of burden to developing countries usurping development space. Can this approach achieve science or equity objectives in the climate regime?