Archive | Carbon Pricing

Six Arguments Against Carbon Trading

In Canada, all five mainstream political parties are promoting some form of “cap and trade” system to reduce greenhouse gas emissions. Their plans differ in timing and scope  — but the real problem is that carbon trading won’t do the job, and makes it harder to develop and implement real solutions. (more…)

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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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