The author provides more evidence that the carbon market scheme functions as a public relations gimmick to disguise corporate pollution, and even allows corporations to profit from it.
Carbon markets are in fact designed to seek out cheap emissions reductions...over fundamental structural changes to energy systems away from fossil fuels and towards renewables. Researchers and activists have linked this profit-driven logic to the creative accounting, financial fraud, phantom emissions reductions and polluter subsidies that have riddled carbon markets, arguing they cannot be reformed and should be scrapped.And he is not optimistic about the upcoming talks in Paris scheduled to begin on Nov. 30th.
As we approach the 2015 UN climate conference in Paris, carbon markets just won’t go away – even despite the fact market solutions actively hinder our ability to make serious emissions cuts.