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Corporate Watchdog Radio co-hosts Bill Baue and Francesca Rheannon speak with Larry Lohmann of the Corner House, a UK-based environmental and human rights NGO, about the book he recently edited, Carbon Trading: A Critical Conversation on Climate Change, Privatisation and Power.
Lohmann debunks the myth of carbon trading as an effective solution to climate change. He points out that sulfur dioxide trading, widely touted as a solution to acid rain in the 1990s and hence a model for carbon trading, is neither. Lohmann also discusses shortcomings of the Kyoto Protocol Clean Development Mechanism, and suggests that traditional solutions such as regulation are more efficient and effective in addressing environmental problems than creating a market that diverts attention from the main problem and introduces social inequalities.
Carbon Trading: A Critical Conversation on Climate Change, Privatisation and Power