What is wrong with cap and trade? Who profits from these schemes? What is EU's Emissions Trading Scheme (ETS)? Can cap and trade markets be reformed? This fact sheet answers all your questions about cap and trade.
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.
Two communities, connected by bearing the brunt of the new trade in carbon dioxide, make their own films about living with the impacts of the trade in carbon. A devastating expose of the impact of pollution trading in North and South, as well as the power of multimedia to bring communities together in resistance.
New EU rules announced as part of the European Commission’s energy package, released today, will do little to cut carbon emissions without more fundamental changes to the EU emissions trading scheme (ETS).
The Commission has been subjected to a fierce bout of industry lobbying as it looks to replace free emissions permits with an auction system, although this has been subjected to a series of opt outs and will not take full effect until 2020.
“The EU has compromised to corporate lobbyists again” says Tamra Gilbertson of Carbon Trade Watch, a project of the Transnational Instit