Another, unmentioned, problem with carbon markets is that they divert vast sums of money away from doing meaningful action in mitigation and adaptation. It’s simply a vast rotating drum of money going round and round between financial “cowboys” in the Wild West of carbon “markets.” And the losers are: Nature, for being “commodified,” Indigenous Peoples for lost cultural and territorial inheritance, and the final buyers of the offsets, being played as mugs in this con-game.
Another, unmentioned, problem with carbon markets is that they divert vast sums of money away from doing meaningful action in mitigation and adaptation. It’s simply a vast rotating drum of money going round and round between financial “cowboys” in the Wild West of carbon “markets.” And the losers are: Nature, for being “commodified,” Indigenous Peoples for lost cultural and territorial inheritance, and the final buyers of the offsets, being played as mugs in this con-game.