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Offsetting Democracy - How Carbon Trading is Smoke and Mirrors![]() ![]() ![]() ![]() by Kevin Smith - Carbon Trade Watch/Transnational Institute Carbon trading and offsets distract attention from the wider, systemic changes and collective political action that needs to be taken in the transition to a low-carbon economy. Promoting more effective and empowering approaches to climate change involves moving away from the blinkered reductionism of free-market dogma, the false-economy of supposed quick fixes, the short-term self interest of big business. THE CONCEPT THAT underpins the whole system of carbon trading and offsetting is that a ton of carbon here is exactly the sameK as a ton of carbon there. That is, if its cheaper to reduce emissions in India than it is in the UK, then you can achieve the same climate benefit in a more cost-effective manner by making the reduction in India.
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