I had difficulty playing the video on this site. You can also access it at this link, and from TNI (I used right click to operate video).
The emission trading scheme has failed as an instrument to curb global warming. The reason for the failure is that there has never been a global cap on carbon emissions. In the end loopholes have caused stagnating or even rising emissions, says Alice Bows-Larkin. Additionally problematic mega-dams have been pushed as green projects. To include forests and soils in the emission trading like it is done with the program REED+ in the Paris agreement would follow a “perverse logic”, says former chief climate negotiator of Bolivia Pablo Solón. Only those who reduce deforestation get carbon credits as a kind of reward. Troubling is also that scientists and politicians rely on carbon capture and storage and geo-engeneering to reduce our emissions in the future. Instead of following these kind of dangerous solutions politics should rather stop the pollution by reducing the extraction of oil, gas and coal in the first place.