Climate Camp in The City
Labels: carbon trading, city of london, climate camp, g20, video

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Labels: carbon trading, city of london, climate camp, g20, video

Labels: carbon trading, climate camp, g20

This is a policy option that has been aggressively promoted not because of its
track record in reducing pollution (because it hasn't got one) but because of
its compatibility with the market-obsessed economic agenda of recent decades.
The concept of the omnipotence of markets has had an enormous crisis of
legitimacy in the wake of the financial crisis but the UK government is still
making futile attempts to apply the same failed market logic to the problem of
climate change.
The climate camp's plans to target the carbon markets on 1 April is one of the
protests that were described in the Guardian by Superintendent David Hartshorn
as kick-starting a "summer of rage". Using the threat of social unrest provoked
by the recession could be interpreted as an attempt to justify increasingly
draconian policing of protest. However there's a great deal of evidence to
suggest that this policing trend had started long before the recession began.
Labels: carbon trading, climate camp, climate policy, police

Do we want to place our faith in the same set of principles that lead to the financial crisis?The economy is important but our natural environment is foundational to life. Lets not gamble on this one. Stopping the construction of new coal plants is a lot more concrete than trading in abstract units of 'avoided emissions' and the more abstract you get the more profiteering and confusion is possible.
The organisers of Climate Camp, a protest group that has previously demonstrated at coal power stations and Heathrow airport, have chosen London's financial centre as the target of their main summer protest this year.
The decision to target the City is aimed at throwing a spotlight on the carbon trading system, one of the central planks of the EU's attempts to reduce carbon dioxide emissions from businesses. Carbon trading in the US is also being pushed by the Obama administration, but the activists say they want to highlight the failure of the mechanism to reduce greenhouse gas emissions.
The precise form of the protest and where it will take place are yet to be decided, although a spontaneous snowball fight that broke out between environmental activists and bankers after the heavy snowfall on 2 February may have inspired the group to target the City. The action may also strike a chord with public anger at huge public bail-outs of the banks.
(article in the Guardian)
Labels: cap and trade, carbon trading, climate camp, finance

The UN High Commissioner for refugee reports that climate change is exacerbating conflicts that are displacing 37 million people - and rising. They warn that this is the beginning of a trend. No shit.Labels: carbon trading, cartoons, conflict

“World Bank: Climate Profiteer,” a new report from the Institute for Policy
Studies, shows how the World Bank’s growing engagement in carbon markets is
dangerously counter-productive. The Bank’s $2 billion, and growing, carbon
finance portfolio is forging a path through the $60 billion international carbon
market toward a dirty energy future. And while the World Bank continues to fund
greenhouse gas-emitting coal, oil and gas projects, it skims an average 13% off
the top of carbon deals. That means an estimated $260 million in the Bank’s
pocket. The report recommends that the Bank get out of the carbon markets, stop
fossil fuel financing, and begin to calculate its own significant impact on the
global climate.
Labels: carbon trading, world bank

What is the problem?
- The EU needs to cut its greenhouse gas emissions. This is not happening fast enough.
- Dependence on imports of oil and gas is growing. The EU needs to find new energy alternatives and to produce more of its own energy.
"If our expectations about an international agreement are not met, we will look at other options such as requiring importers to obtain allowances alongside European competitors, as long as such a system is compatible with WTO requirements."
"We really don't need this plan to reduce carbon dioxide emissions, it will destroy jobs in industries which consume a lot of energy"The main points that i have seen made on this are 'its simply not good enough' and 'it's to far, its to tough on this country, why do we need to take orders from Brusselles.' The former has been the message of Rajendra Pachuri of the IPCC, and the science if you would care to read it, the latter is from the likes of the Times and other right leaning papers.
Labels: carbon trading, energy and efficiency, europe, international policy, uk policy

Labels: carbon trading, false solutions
