Carbon Trading – A Critical Conversation on Climate Change, Privatisation and Power

Issue no.48 of Development Dialogue exposes the contradictions of the current climate change agreements which often exacerbate extraction in the pursuit of solutions.

The main cause of global warming is rapidly increasing carbon dioxide emissions – primarily the result of burning fossil fuels – despite international agreements to reduce such emissions. The trouble is that despite being aware of the serious situation, very few decision-makers are ready to tackle the problem at its roots. Instead of reducing the extraction of fossil fuels and searching for other solutions, current carbon-trading policies, in practice, favour the further exploitation of these fuels. Furthermore, new tree plantations, which are claimed as a means of mitigating the consequences of increased carbon dioxide pollution, often drive people out of their traditional living grounds and destroy biological diversity.