Archive | Carbon Pricing

Climate change: Market-based policies will not work

“Simply using price mechanisms will lead to a policy failure with catastrophic consequences for most people and most species” David Spratt is a policy analyst with the Australian group CarbonEquity, and co-author, with Philip Sutton, of Climate Code Red: The Case for Emergency Action, which Climate and Capitalism will review soon. Spratt was interviewed by […]

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Offsetting Democracy

By Kevin Smith The concept underpinning the whole system of carbon trading and offsetting is that a ton of carbon here is exactly the same as a ton of carbon there. That is, if it’s cheaper to reduce emissions in India than it is in the UK, then you can achieve the same climate benefit […]

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Carbon Pricing Problem: It Doesn’t Work

It’s an article of faith among capitalist economists that the best solution to “market failure” is “more markets.” Convert the problem into a commodity, and the market will magically solve it. John Bellamy Foster writes: “For orthodox economists, ecological degradation is evidence of market failure. The market is unable to guide firms in the efficient […]

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Australian Socialists Demand Radical GHG Limits

Alliance adopts radical greenhouse gas emissions reduction target May 26, 2007: The Socialist Alliance has adopted radical greenhouse gas emissions reduction targets—95% of stationary power emissions and 60% of overall emissions compared to 1990 levels by 2020, and 90% of overall emissions by 2030. The targets are minima and provisional. In adopting them at its […]

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