Carbon markets are stalling speedy global climate action

Six years on from the cheers, claps and cries to welcome the Paris Agreement, global temperatures and emissions are rising, as dusk settles on the promise the agreement holds for planet Earth. It’s fading hope is today matched with faltering efforts to implement its Article 6. Michael Davies-Venn argues that failures to reach agreements on Article 6 illustrates an unfortunate mistake of conceiving of an imminent global environmental crisis as an economic problem. This misconception, he says, creates an illusion that an international carbon market is a suitable climate change solution. It is remarkable for German Chancellor Angela Merkel to say her language may lack words to describe the “surreal and shocking” devastation from floods in Germany this summer. A reportedly shaken Merkel, nicknamed “Klimakanzlerin” — ‘climate chancellor’ — urged “to speed up the fight against climate change.” Her call for urgency makes an implied comment on as yet slow solutions. As close to an ideal quality of political leadership necessary for global climate change is embodied in Ms. Merkel, who will not be at … Continue reading Carbon markets are stalling speedy global climate action