carbon trading

Forest-based offsets are intended to save carbon-rich forests like these. But sadly, they can equally reward people for destroying them to create palm oil plantations. Photo: Shannan Mortimer via Flickr (CC BY-NC-SA).

Carbon trading in Paris Agreement has set us up for failure

Steffen Böhm
University of Essex
| 15th December 2015
Hidden away in the pages of UN-speak that make up the Paris Agreement are the makings of global carbon market in which a host of exotic emissions derivatives can be freely traded, writes Steffen Böhm. And it's all going to be a huge and expensive distraction from the real and urgent task of cutting emissions.

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Carbon trading may be highly profitable for a select few - but if you want to fix climate change, best leave it well alone! Photo: Richard Alvin via Flickr (CC BY).

Pope Francis is right. Carbon markets will never fix the climate

Steffen Böhm
Gareth Bryant
Siddhartha Dabhi
| 23rd June 2015
Carbon trading has a remarkable record of failure: rewarding polluters while causing no discernible reduction in global emissions. If the COP21 UN climate negotiations in Paris are to achieve anything of value, first they must ditch the false solution of carbon markets. And thanks to Pope Francis, the idea is firmly on the agenda.

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