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Summary
Carbon markets, often presented as solutions to climate change, are misleading and ineffective. They allow polluters to continue emitting greenhouse gases while providing a false sense of accountability. The recent COP29 conference in Baku saw governments prioritize carbon trading rules over real climate action, despite the urgent need for significant emissions reductions and genuine climate finance.
Highlights -🌍
- Carbon Markets Are Ineffective: They don’t reduce emissions; they just hide them.
- COP29’s Flawed Start: Early agreements on carbon trading rules undermine real climate solutions.
- Pressure on Governments: There’s growing demand for accountability from fossil fuel polluters.
- Need for Real Solutions: Focus should be on genuine climate finance and emissions cuts.
- Climate Crisis Escalating: Extreme weather events highlight the urgency for action.
- Outrageous Petrostate Practices: Allowing fossil fuel-rich countries to dictate climate policies is unacceptable.
If you’re unfamiliar with carbon markets, let’s be very clear from the start: they’re not good. In fact, they allow polluters to continue trashing the climate. They’re a false solution and a scam.
Trading ‘carbon offset credits’ doesn’t stop emissions from entering the atmosphere and warming our world – they just provide a smokescreen to stop those emissions from appearing on the ledgers of polluters.
Read the full post at Greenpeace International.
