Non-exhaustive summary of recent carbon trading resources

A Non-exhaustive summary of recent carbon trading resources

Offsetting: A Dangerous Distraction – FOE – UK

It examines the record of the main offset scheme – the CDM. The report shows that in practice offsetting isn’t leading to global emissions reductions or benefiting developing countries. Instead it is simply leading to more ingenious ways to avoid cutting emissions.

http://www.foe.co.uk/resource/briefing_notes/dangerous_distraction.pdf

A Dangerous Obsession – FOE – UK

Report by Friends warns against the UK Government’s obsession with carbon trading.

It says that expanding carbon trading risks both economic and climate collapse.

http://www.foe.co.uk/resource/reports/dangerous_obsession.pdf

Carbon Trading – How it works and why it fails – Carbon Trade Watch

Report demonstrates that the EU-ETS has consistently failed to ´cap´ emissions, while the CDM routinely favours environmentally ineffective and socially unjust projects. This is illustrated with case studies of CDM projects in Brazil, Indonesia, India and Thailand.

http://www.dhf.uu.se/pdffiler/cc7/cc7_web.pdf

The Story of Cap and Trade – Free Range Studios

A fast-paced, fact-filled look at the leading climate solution being discussed at Copenhagen and on Capitol Hill. Host Annie Leonard introduces the energy traders and Wall Street financiers at the heart of this scheme and reveals the “devils in the details.”

http://storyofstuff.com/capandtrade/

The CDM in the Philippines: Rewarding Polluters – Focus on the Global South

In the Philippines the multi-billion peso CDM money trail leads to the doors of some of the country’s richest men and largest business conglomerates, with interests in “dirty” industries such as mining, fossil fuel-based power generation, oil and gas exploration.

http://www.focusweb.org/philippines/content/view/334/7/

Brazil: The Money Tree – documentary by Centre for Investigative Reporting

Mark Schapiro travels deep into Brazil’s forest to investigate how this abstract carbon economy is affecting real people.

http://www.pbs.org/frontlineworld/stories/carbonwatch/moneytree/

The Carbon Supermarket – Your Future for Sale – Kate Evans

A short comic that illustrates some of the problems with the carbon market

http://cartoonkate.co.uk/pdf/CarbonSupermarket.pdf

Upsetting the Offset: The Political Economy of Carbon Markets – forthcoming

A new book compiled by two academics from the University of Essex which collates contributions from more than 30 leading experts.

To be released in Copenhagen.

When Markets Are Poison Learning about Climate Policy from the Financial Crisis – The Cornerhouse

Studying the financial crisis and the climate crisis together can provide useful tools for understanding how to tackle both. Overconfident commodification of uncertainty helped precipitate a global economic crash. Overconfident commodification of climate benefits (in the form of a trade in carbon) threatens to hasten an even worse catastrophe.

http://www.thecornerhouse.org.uk/subject/climate/

Subprime Carbon? Re-thinking the World’s Largest New Derivatives Market – FOE US

As policymakers debate Wall Street reform, they are not paying adequate attention to whether new regulations will be adequate to govern carbon trading and the carbon derivatives markets, which many experts believe could become larger than credit derivatives markets.

http://www.foe.org/pdf/SubprimeCarbonReport.pdf

Upsetting the Offset engages critically with the political economy of carbon markets. It presents a range of case studies and critiques from around the world, showing how the scam of carbon markets affects the lives of communities. But the book doesn’t stop there. It also presents a number of alternatives to carbon markets which enable communities to live in real low-carbon futures. Read the press release dated 1 December 2009.

‘This book is a very constructive and rigorous critique of CDM offset approaches to deal with carbon footprints. I recommend this book to any student, policy maker or administrator of climate change complexities in developed or developing countries.’ Professor Anil Gupta, Indian Institute of Management – Ahmedabad, India

‘If you wondered whether capitalism could ever produce the perfect weapon of its own destruction, try this heady mix of carbon fuels, the trade in financial derivatives, and more than a dash of neo-colonialism, and boom! But this book is far from resigned to that fate. After examining the case against carbon trading… the book turns to alternatives, to hope, to sanity, and to the future.’ Professor Stefano Harney, Queen Mary, University of London, UK

http://mayflybooks.org/?page_id=194

~ by Cory Morningstar on December 4, 2009.

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