Research Repository

Ten reasons why carbon markets will not bring about radical emissions reduction

Pearse, Rebecca and Böhm, Steffen (2014) 'Ten reasons why carbon markets will not bring about radical emissions reduction.' Carbon Management, 5 (4). pp. 325-337. ISSN 1758-3004

Full text not available from this repository.


Almost two decades since the Kyoto Protocol was adopted, global greenhouse gas emissions are still rising rapidly. We argue that the global climate policy focus on carbon markets has played a significant role in the failure to reduce emissions. There are 16 compliance carbon markets in operation across the world. Many more are planned, although there have been numerous problems with carbon trading, including ineffectiveness, weak regulation and implementation, instances of fraud, little to no emissions reduction and major legitimacy issues for governments and the private sector. In this paper we take a “strong” position, arguing that carbon markets do not have a role to play in a policy scenario that requires radical emissions reductions in order to avoid dangerous greenhouse gas concentrations. We put forward 10 reasons why carbon markets should not be the preferred climate policy choice, which we have collated from positions taken by grassroots social movement organizations, think tanks, NGOs and other political advocacy groups as well as individual scientists and scholars.

Item Type: Article
Uncontrolled Keywords: Carbon markets, carbon trading, climate change, climate policy, radical emissions reductions
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Centre for Work, Organisation and Society
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 06 Jul 2015 14:39
Last Modified: 06 Jan 2022 14:39

Actions (login required)

View Item View Item