The Trouble with Carbon Trading
A Short Debate
first published 2 April 2009
In this short exchange from ClimateChangeCorp,a website providing climate news for business, The Corner House tackles claims from a Wall Street carbon trader that:
- the climate problem is a problem of quantity of emissions,
- carbon trading lowers costs,
- putting a price on carbon in Europe helps Southern countries reduce emissions, and
- carbon markets can work in concert with other policies and measures
by detailing how carbon trading is actively blocking reductions in carbon emissions.
Related articles of interest:
- Uncertainty Markets and Carbon Markets Variations on Polanyian Themes
- When Markets Are Poison Learning about Climate Policy from the Financial Crisis
- Neoliberalism and the Calculable World The Rise of Carbon Trading
- Climate as Investment
- Unregulatability in Financial and Carbon Markets
- Carbon Trading A Critical Conversation on Climate Change, Privatisation and Power