Steer clear of this climate 'Ponzi scheme'

Bond, Patrick; Dorsy, Michael
January 2012
Foreign Policy in Focus;01/24/2012, p6
The article warns carbon buyers, sellers and investment speculators of yet another Ponzi scheme, the privatization of the air via the European Trading Scheme. Analysts forecast a decline in carbon prices and an oversupply due to huge flow of United Nations (UN) offsets. They see the insignificance of low carbon prices to catalyze transformative innovations. It calls upon the industrialized world economy to lessen their dependence on fossil fuels in order to avert catastrophic climate change.


Related Articles

  • 10 years ago... Brazier, Chris // New Internationalist;Jul/Aug2016, Issue 494, p8 

    The article reflects on the report published in a 2006 issue of "New Internationalist" journal which focused on carbon offsetting, climate change and fossil fuel consumption.

  • THE DURBAN DECLARATION ON CARBON TRADING.  // Rachel's Democracy & Health News;8/2/2007, Issue 918, p2 

    The article presents the Durban declaration on carbon trading, signed by various representatives of people's movements and independent organizations on October 10, 2004 in Durban, South Africa. The signatories reject the claim that carbon trading will halt the climate crisis. They argue that...

  • Streamlined climate change agreements raise cost concerns.  // ENDS (Environmental Data Services);Sep2011, Issue 440, p48 

    The article discusses the proposal of the Department of Energy and Climate Change (DECC) to simplify carbon-cutting climate change arrangements (CCAs). According to the author, CCAs are providing partial relief fro the climate change levy on direct fossil fuel and electricity use. Concerns on...

  • Biological carbon sequestration and carbon trading re-visited. Cornelis van Kooten, G. // Climatic Change;Aug2009, Vol. 95 Issue 3/4, p449 

    Biological activities that sequester carbon create CO2 offset credits that could obviate the need for reductions in fossil fuel use. Credits are earned by storing carbon in terrestrial ecosystems and wood products, although CO2 emissions are also mitigated by delaying deforestation, which...

  • Travel company says carbon offsets don't work. Butler, Simon // Green Left Weekly;11/18/2009, Issue 818, p24 

    The article reports on the belief of Responsibletravel.com on the distraction of carbon offsetting due to climate change.

  • Carbon offsets and the emerging climate coalition. Mignone, Bryan K. // Hill;7/9/2009, Vol. 16 Issue 80, p26 

    In this article the author discusses concerns about the treatment of carbon offsets which relates to the passage of the climate change legislation to the senate in the U.S.

  • Untitled.  // Utility Week;1/18/2008, Vol. 28 Issue 12, p31 

    A list of the articles included in an issue dedicated to the international frameworks being put in place to mitigate climate change and their domestic implications is presented, which includes domestic climate change legislation, the Carbon Reduction Commitment and government plans for...

  • Taking care of business. Reyes, Oscar // New Internationalist;Dec2009, Issue 428, p16 

    The article argues that the conversion of many large corporations from climate change deniers to climate change believers is due to a perception that carbon offsets represent a business opportunity. Critics say the carbon markets represent a way to delay doing anything serious on climate change...

  • Is 350's Carbon Divestment Campaign Complete? Parenti, Christian // Green Social Thought: A Magazine of Synthesis & Regeneration;Spring2013, Issue 61, p8 

    The article looks at the weaknesses of the carbon divestment campaign of the organization 350.org founded by Bill McKibben. The Do the Math campaign is said to be aimed at obliging universities, churches and other institutions to divest their fossil fuel investment portfolios. According to the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics