Magazine article New Internationalist

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

Magazine article New Internationalist

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

Article excerpt

Carbon Trading: a critical conversation on climate change, privatisation and power by Larry Lohmann (author and editor) (Dag Hammarskjöld Foundation/Development Dialogue ISSN 0345 2328)

Tony Blair is doing it. Coldplay does it. The World Cup can't get enough of it. What's so appealing to politicians, celebrities and sports organizers alike? They are all trading carbon dioxide. By giving cash to eco-entrepreneurs they can 'offset' responsibility for their pollution by paying someone somewhere else to reduce emissions for them. This is all part of the hottest new global market to erupt since the dot.com explosion. According to the World Bank, the market in carbon dioxide will soon be worth billions.

Beneath the celebrity sheen, however, lies a more sordid tale told brilliantly in this book - one in Development Dialogue's new What Next? series. If the words 'carbon trading' make your brain go numb, this is for you. …

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