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CARBON TRADING and REDD Is it the Answer to Saving Planet Earth from the Catastrophic Effects of Global Warming? 
Below are the latest articles about Global Warming and Carbon Trading
Carbon Trading:- is going to be the world’s newest and largest Stock Market trading exclusively in a stock called carbon credits, where the mega-profits will be made by speculators, hedge funds, and the same financial and investment houses that just finished crashing the global economy.
- is buying and selling of artificial commodity and does not directly force reduction of emissions required to combat Global Warming
- is an innovative scheme that creates loopholes for big polluters in Industrialised nations to continue polluting and offsetting emissions targets by trading carbon credits and paying for clean energy projects in poor countries.
- will allow companies to pass the cost of carbon credits onto consumers, allowing them to pollute at the same profit margin.
- will perpetuate rich countries dominance over poor countries. There is danger of Basic policy decisions (how do we manage waste? protect forests? produce energy?) being moved out of the domain of public decision-making and into private hands by creating a system where private firms become the initiators of projects and policies.
Read the “350 Reasons Carbon Trading Won’t Work”. |
| Reduced Emissions from Deforestation and Forest Degradation or REDD:- is supposed to be a scheme whereby big corporations earn carbon credits by paying developing countries not to cut their forests down. However, it is mostly likely that it will end up as a subsidy for governments and companies to seize indigenous-owned land. A classic example is stopping of indigenous natives of Guaraqueçaba area in Brazil from even cutting down trees to build their houses and forcing them out of their land and livelihood. Read the full story at here: Injustice on the carbon frontier in Guaraqueçaba, Brazil. Another example is the current eviction of the Ogiek people living in the Mau Forest of Kenya to make way for forest preservation. Read the full story here: Ogiek threatened with eviction from Mau Forest, Kenya
- REDD frameworks do not recognize indigenous rights and encourage encroachments upon indigenous lands and cultures. Indigenous Peoples could lose their land or other forms of collateral and/or have to reimburse carbon traders with money if a REDD project fails. REDD is no different from land mobilization and registration. Once a piece of customary land is registered for REDD, it creates the potential for land to be taken away from customary and indigenous people who depend on the land and the environment for their survival.
- without independent monitoring mechanisms, REDD which targets developing countries with large areas of forests is likely to benefit some of the most corrupt governments of the world.
- With REDD, "Companies would then buy cheap credits and continue doing business as usual rather than cutting their own emissions."- Economist Magazine
- REDD as a carbon market-based mechanism allows the poor developing countries of the South to compensate for the greenhouse gas emissions of the Industrialised North. The big polluters will continue to pollute without achieving any reduction at all using the carbon trading system to offset their emissions by buying carbon credits offered by forests. To reduce global warming requires BOTH preservation of forest and reducing of greenhouse gas emissions.
Papua New Guinea is already facing the effects of global warming. Carteret Islanders of Bougainville are already the first refugees of Global warming. The recent outbreaks of cholera in the Morobe Province could be related to changes in the temperature and environment as a result of Global Warming. Temperatures in the tropical regions where Papua New Guinea is located has already increased by 1°C. With the Copenhagen Meeting on Climate Change and Carbon Trading only days away, it is important that Papua New Guineans unite with ordinary citizens of the world and pressure the World leaders to come up with a framework that will achieve the utmost goal of slowing Global Warming. PUBLIC FORUM: What is the PNG Government's Position on Carbon Trading and REDD?? Click to add your comments and piece of mind..
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