Patrick Bond: carbon trading is a scam January 23, 2008Posted by Andreas in Uncategorized.
Durban-based activist/academic Patrick Bond makes a very convincing argument against carbon trading, the mechanism meant to mitigate industrial carbon dioxide emissions (for a great intro to the subject, check-out this urban sprout post).
Bond agrees with Vandana Shiva that “the right to pollute is a multitrillion dollar giveaway to the people who caused the bulk of the climate problems” in the first place.
He criticizes the role South African environment minister Marthinus van Schalkwyk played at the recent Bali conference:
Van Schalkwyk’s leadership is a travesty, for he has said nothing about South Africa’s own $20 billion in new investments – partly privatised through the US multinational AES – in cheap coal-fired electricity generation for the sake mainly of large corporations; he endorses nuclear energy expansion. SA already has an emissions output per person per unit of GDP twenty times worse than the US [GULP!], and van Schalkwyk’s official carbon trading policy argues that it is primarily a ‘commercial opportunity.’
and he points to a “very different strategy and demand by civil society activists: leave the oil in the soil, the resources in the ground”. This strategy that is also supported by George Monbiot:
‘Ladies and gentlemen, I have the answer! Incredible as it might seem, I have stumbled across the single technology which will save us from runaway climate change! From the goodness of my heart I offer it to you for free. No patents, no small print, no hidden clauses. Already this technology, a radical new kind of carbon capture and storage, is causing a stir among scientists. It is cheap, it is efficient and it can be deployed straight away. It is called … leaving fossil fuels in the ground.
It’s the stop-what-you’re-doing principle again, isn’t it.
And if you can’t be bothered to read it all, here’s a short video of Bond on the topic: