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Posts Tagged ‘carbon trading’

cross-posted from Global Justice Ecology Project Climate Voices:
From Thirty Thousand Feet Above Mother Earth

by Jeff Conant

En route to Bolivia – that is, somewhere 30,000 feet above Mother Earth – I crossed paths with Alberto Saldamando, the legal council for the International Indian Treaty Council, and a member of the Indigenous Environmental Network delegation to the Cochabamba climate summit. As we stood in the aisle of the airplane, raising the hackles of the flight crew, I asked him his vision of the week ahead. Alberto is a friend, someone I’ve worked with in the past, so he may have been more candid with me than he might be in public; when I asked his opinion on the state of the climate negotiations and his hopes for Cochabamba, he said, “I’m pessimistic. You know, greed has no bounds.”
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200 Chicago climate activists returned to the streets today – this time in the financial district in downtown  Chicago – in a colorful demonstration against cap and trade, carbon offsets and other “false solutions” to climate change.  Building on the long-term campaign to shut down the Crawford and Fisk coal-fired power plants in the city, community and environmental groups from across Chicago and beyond have come together to demand just, equitable, and effective solutions to the climate crisis.

The main target of today’s action is the Chicago Climate Exchange, the first and largest carbon market in North America.  Several other “climate criminals” were visited during a march, including JP Morgan Chase, one of the leading funders of mountain top removal coal mining; Midwest Generation, the owner of Chicago’s two coal-fired power plants; and the Board of Trade, which trades in palm oil, one of the leading drivers of rainforest destruction.

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Published on Tuesday, November 24, 2009 by The New Internationalist

A new realism has emerged. Climate change is no longer rejected as a bogus theory the economy can ill afford. Instead, it’s a business opportunity

by Oscar Reyes

A flower blooms under a floodlight. It is projected on to a huge
screen, behind a panel of expensively suited executives. A CNN business
correspondent struts up and down a catwalk, excitedly thanking UN
Secretary General Ban Ki-moon and the ubiquitous Al Gore. The scene of
this corporate love-in? The World Business Summit on Climate Change.

‘The fact that I flew here to sit on a panel for one and a half
hours, then I´m flying straight back to the US, is an example of our
commitment to environmental sustainability,’ boasts Indra Nooyi, CEO of
PepsiCo, blissfully unaware of the irony of her statement. Her fellow
industry representatives make similar claims about just how
energetically they are saving the planet.

This is the new face of the climate business.

Until recently, many of the globe’s biggest corporations were firmly
in the climate change denial camp – and funding spurious research to
back up their claims. Now a new realism has emerged. Climate change is
no longer rejected as a bogus theory the economy can ill afford.
Instead, it’s a business opportunity.

Back in the days of George W Bush, the ostrich-headed faction of US
industry held sway. Companies like ExxonMobil saw no profits in
‘climate solutions’, so opposed any climate legislation. Now, carbon
markets – the buying and selling of the right to pollute – are at the
heart of proposals for a new global deal at the UN Climate Conference
in Copenhagen this December, and the ‘progressive’ wing of big
business, backed by large US-based NGOs, argues that this market-driven
approach is the only way to secure an international emissions
reductions deal.

The problem is, critics say, that carbon markets are delaying
genuine action on climate change, and shifting attention away from the
fundamental task of rapidly phasing out fossil fuels. How did it come
to this?

The ostrich position

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indonesia banner nov 12
by Takver – Climate Indymedia

Greenpeace and Indigenous Climate activists in Indonesia have
unfurled a 20 metre by 30 metre banner protesting Deforestation
which said, “Obama you can stop this,” calling on President Obama to take
a leadership role in climate negotiations in Copenhagen in December
and at APEC in Singapore this weekend.
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article from grist:
What do industrially produced meat and corn-based ethanol have in common?

Well, they both thrive on the assumption that it’s good idea to devote vast swaths of land to an incredibly resource-intensive crop—corn—and then run that crop through an energy-sucking process to create a product of dubious value.

And .. they both got tagged as major drivers of climate change this past week.

Ethanol took the harder blow of the two, I think. It came wrapped in the Oct. 23 issue of Science. In a concise and devastating “policy forum” piece, a team of authors led by University of Minnesota researcher Tim Searchinger fingered a gaping defect in existing European and pending U.S. climate policy: biofuel gets treated as carbon-neutral, ignoring carbon emissions from land-use change. According to the paper ($ub req’d),  the Kyoto Protocol, the European Union’s cap-and-trade law, and the final version of Waxman-Markey (the House climate bill that passed over the summer) all contain the a “far-reaching but fixable flaw”:

[They] does not count CO2 emitted from tailpipes and smokestacks when bioenergy is being used, but it also does not count changes in emissions from land use when biomass for energy is harvested or grown. This accounting erroneously treats all bioenergy as carbon neutral regardless of the source of the biomass, which may cause large differences in net emissions. For example, the clearing of long-established forests to burn wood or to grow energy crops is counted as a 100% reduction in energy emissions despite causing large releases of carbon.

Or, as Searchinger put it to a Wall Street Journal reporter, “Literally, in theory, if you chopped up the Amazon, turned it into a parking lot, and burned the wood in a power plant, that would be treated as a carbon-emissions reduction strategy.”
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Rising Tide North America, with Carbon Trade Watch and the Camp for Climate Action would like you to join us on the October 24th day of global climate action to spread the word about the biggest financial scam in history – Carbon Trading.

In order to stabilize the climate before billions of people around the world suffer the consequences, it is imperative that carbon-trading schemes are stopped and real, democratically determined solutions are implemented.

We cannot afford to waste any more valuable time and resources relying on such market-driven strategies to deliver science-based goals (such as 350 ppm of CO2) when so many lives and livelihoods are at stake. If we truly wish to protect people and planet, then we must put climate justice before corporate profits.  However, first and foremost, we need to dispel the misguided notion that carbon trading has anything at all to do with climate change mitigation, or the present and future wellbeing of our communities.

We are proud to announce the launch of – a website presenting 350 reasons why carbon trading will not serve to stabilize the climate. A staggering amount of reasons sent in by site visitors was pored over, organized, and consolidated into an upcoming on-site gallery– 35 exemplary ones  are included in the 350 Reasons ‘zine (downloadable below).  Visit for printable format versions

350Reasons ZINE

Online Reading version

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