This article explains how today's carbon markets construct a tradable product by postulating a series of false equations – between reducing carbon dioxide and tackling fossil fuel dependence, between different greenhouse gases, between different places and times, between hypothetical and real emissions reductions, between biotic carbon and fossil carbon, and so forth. Competition to exploit cascades of ever more fanciful equations to increase profits ensures that the carbon markets become ever more damaging to the cause of combating global warming.

Un álgebra interminable: las contradicciones de los mercados climáticos

Los mercados de carbono, que constituyen el enfoque principal de los gobiernos del mundo frente a la crisis climática, construyen un producto comercializable postulando una serie de ecuaciones falsas. Estos mercados equiparan la reducción de dióxido de carbono con la lucha contra la dependencia de combustibles fósiles; equiparan los distintos gases de efecto invernadero, así como lugares y tiempos diferentes. Estos mercados dicen que las emisiones hipotéticas y reales son las mismas y que el carbono biótico y el carbono fósil también son los mismos. Estas ecuaciones tienen la función de proteger o incrementar los beneficios empresariales, y los intereses capitalistas están siempre dispuestos a inventar más ecuaciones. El resultado es que los mercados de carbono son cada vez más perjudiciales para la lucha contra el calentamiento global.

This critical review of carbon trading in Africa includes analyses of the context and trends in the carbon market in Africa; offset projects in Uganda, Ethiopia and South Africa; and carbon finance and regulation. It shows how carbon trading provides new and different ways of profiting at the expense of a deteriorating climate.

This book concludes that the Clean Development Mechanism of the Kyoto Protocol, as implemented in India, serves mainly to augment the profits of polluting corporations and addresses neither climate change nor the needs of local people. Some three dozen case studies are presented.

Current proposals to address global warming by financing projects to reduce carbon dioxide emissions from deforestation and forest degradation (REDD) constitute a “threat to Indigenous Peoples, local communities, forests, our climate and your future”, contends this book, which lists some of “the worst REDD-type projects” in Bolivia, Brazil, Ecuador, Indonesia, Kenya, Mexico, Papua New Guinea, Peru and Uganda.

This book chapter explores some of the parallels, connections and disjunctures between the promised genetic revolution in medicine and health, and the crash of financial capital in 2008, aiming to illuminate several known insights for pursuing public health futures and finances that are often kept in the dark or conveniently forgotten.

This issue of the Indian magazine, Mausam, devoted to climate justice has articles on adaptation, the Climate Development Mechanism (CDM) and REDD projects.

"Energy security" is full of pitfalls, both as policy and as rhetoric. Other ways are urgently needed of discussing and organising for a democratic, fossil-free future.

Campaigners slam government’s development approach as DfID-backed private equity fund comes under criminal investigation in Nigeria

Mientras la vorágine neoliberal aceleraba la destruccion del planeta, los gobiernos del Norte auparon un festín para los grandes contaminadores transformando la contaminación en otra mercancia globalizada. Su gran descubrimiento fueron los mercados de carbono. En este libro, Larry Lohmann desmonta la lógica y dinámica de los mercados de carbono que promueven la corrupción, empeoran la contaminación y excluyen todo esfuerzo por abandonar la dependencia de los combustibles fósiles.

Building more effective climate movements is, in part, a continuous process of interpretation and reinterpretation. This chapter from a forthcoming academic volume argues that climate activists can benefit from putting the current fashion for carbon trading into the context of the other market environmentalisms with which it has evolved; from exploring the insights of actor-network theory about the genesis and limitations of commodity-ready environmental objects; and from seeing carbon trading and other current defences of fossil fuel use in the context of accumulation cycles.