Big Polluters
Carbon trading and offsets schemes are designed by and for large corporate polluters to enable ongoing carbon emissions and new markets for profit. In this section, we look at how multinational corporations are gaming the carbon market - lobbying for loopholes and handouts, hiking prices, and lining up offsets to continue pollution as usual.
Australian carbon price, Big Polluters, Social movements »
Download this article as a PDF: A Short History of Carbon Trading There have always been various options on the table to solve climate change – regulating oil and coal companies, massive government investment in renewable energy, supporting the re-localisation of community transport and food production, to name just a few. So why has climate change – what economist Nicholas Stern called “the greatest and widest-ranging market failure ever seen”[i] – come to be seen as a problem to be solved by free markets? In order to answer this question, we …
