Climate Change, Carbon Trading and Civil Society
Negative Returns on South African Investments
Dada, Rehana [Editor]; Bond, Patrick [Editor]; Erion, Graham [Editor]
ISBN: | 9781869141417 |
Publisher: | University Of KwaZulu-Natal Press |
Published: | 30 March, 2010 |
Format: | Paperback |
Language: | English |
Links | Australian Libraries (Trove) |
Climate Change, Carbon Trading and Civil Society
Negative Returns on South African Investments
Dada, Rehana [Editor]; Bond, Patrick [Editor]; Erion, Graham [Editor]
Can global warming be mitigated by carbon trading? With climate change posing perhaps the gravest threat to humanity in coming decades, and with free market economics still dominated by a few wealthy nations, it is little wonder so much effort has gone into creating a carbon market, no matter how much evidence has recently emerged about its flaws. South Africa, a revealing pilot site, has initiated carbon trading projects with adverse economic, environmental, and social impacts. This country pollutes at a rate 20 times higher than even the US, measured by CO2 emissions generated by each GDP dollar per person, so the idea of trading for carbon reductions is seductive - and potentially lucrative. Current state policy is supportive and a former environment minister is a market promoter, alongside the World Bank, the Dutch government, and big oil companies.
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