TITLE

Carbon Market Fundamentalism

AUTHOR(S)
Wysham, Daphne
PUB. DATE
November 2008
SOURCE
Multinational Monitor;Nov/Dec2008, Vol. 29 Issue 3, p23
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents a discussion about carbon trading, particularly the Clean Development Mechanism (CDM). Originally published under the Kyoto Protocol, CDM aimed to assist countries in acquiring clean energy technologies through carbon credits. It is noted however that some industries are using CDM as subsidy while developed countries are making it an excuse not to lessen the amount of greenhouse gas emissions. It is also asserted that the World Bank is profiting from the CDM as it charges 13 percent commission on all of the carbon trades it brokers. INSET: WORLD BANK: CLIMATE PROFITEER.
ACCESSION #
36048835

 

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