New book on carbon trading – Carbon Trading: How it works and why it fails
|Contributed by Dr Karabi Dutta|
|Added: 25 November 2009|
The book reveals how carbon trading is only a very recent invention by business and political elites that undermines existing environmental legislation and diverts from planning a rapid transition away from current fossil fuel expansion.
The authors, Tamra Gilbertson and Oscar Reyes, are both researchers with Carbon Trade Watch. The project combines high quality research and integration with social movements worldwide which has made it a respected commentator on global climate policy since 2002. The new book is published by the Dag Hammarskjöld Foundation (www.dhf.uu.se) as part of its Critical Currents series.
The book discusses Carbon Trading: how it works and why it fails/ outlines the limitations of an approach to tackling climate change which redefines the problem to fit the assumptions of neoliberal economics. It demonstrates that the EU Emissions Trading Scheme (EU ETS), the world’s largest carbon market, has consistently failed to ´cap´ emissions, while the UN’s Clean Development Mechanism (CDM) routinely favours environmentally ineffective and socially unjust projects. This is illustrated with case studies of CDM projects in Brazil, Indonesia, India and Thailand.
To request a printed copy, please contact: nina@…