Climate Change

The main cause of human-induced climate change is rapidly increasing carbon dioxide emissions -- primarily the result of burning fossil fuels. To date, the principal international response has been a neoliberal instrument: carbon trading.

Governments provide tradable pollution rights to big industrial companies, usually free of charge. Companies then buy any additional permits they need from traders or other firms; or from projects in the South, such as coal mines or waste dumps, that have been altered so as to emit less greenhouse gas than they would do otherwise; or from projects that claim to absorb carbon dioxide, such as tree plantations.

Many of the articles here analyse how carbon trading will not tackle this climate change, but could make it worse.