Posts Tagged: Clean Development Mechanism
Will the landmark UN climate deal mark a turning point in the fight against climate change? The devil's in the details.
So far, UN climate change conferences have sidestepped the real business of keeping fossil fuels in the ground.
Expanding energy access makes sense. What doesn’t make sense is using a failed scheme — like carbon trading — to pay for it.
The carbon trade doesn't just fail to address climate change. In countries like Honduras, it funnels cash to notorious human rights abusers and threatens vital resources.
An elite group of developed countries appears to be on the brink of instigating yet another corporate handout and big bank giveaway--this time in the name of fighting climate change.
The outcome of the Bali climate talks is more likely to benefit the World Bank and investors than to put the brakes on climate change.