Carbon Trading – How it Works and Why It Fails, Tamra Gilbertson and Oscar Reyes, Critical Currents no. 7, November 2009
Carbon Trade Watch has released a new publication by Tamra Gilbertson and Oscar Reyes that 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, 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 where the publication argues that off-sets projects, even those that promote renewable energy, will not be a solution to climate change.
Chapter 4 examines REDD and Indigenous Peoples. Solutions proposed in Chapter 5 include measures to secure land tenure for Indigenous Peoples’ and forest-dependent communities.
“…Simplistic schemes to grow money on trees represent a significant setback for the complex work of protecting forests through defending the territorial and other rights of Indigenous Peoples and forest communities – who have currently and historically done the most to protect forest ecosystems.” - Extract from Carbon Trading – How it Works and Why it Fails