Carbon Trading Report

The Dag Hammerskjöld Foundation has published Carbon Trading: A Critical Conversation on Climate Change, Privatisation and Power, a looong critique of CO2 trading. It is written in question and answer format, e.g.

I’m confused. Could you give some examples of the more established and successful strategies you’re talking about?

Well, you could start with a package of approaches that’s currently getting a lot of attention in Northern countries, where immediate steep cuts in fossil fuel emissions are most crucial. Roughly speaking, this package consists of

• large-scale public works
• subsidy shifting
• conventional regulation
• green taxes and other non-trading market mechanisms
• legal action

all backed and monitored by popular movements and evaluated against ambitious short- and long-term targets.

Large scale public works? backed and monitored by popular movements? We need a Great Leap Forward?


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