We use cookies for site personalization, analytics and advertising. You can opt out of third party cookies. More info in our privacy policy.   Got it

Video: Scrap the carbon credits scheme!

Environment
Climate

Campaigners at the recent Durban Climate Change conference demanded an end to the controversial carbon credits scheme. The initiative, designed to encourage developing countries to build coal power projects, was recently abolished by the United Nations, and now pressure is being placed on EU ministers to follow suit in the future.        

The UN’s Clean Development Mechanism (CDM) was designed to encourage global financial markets to invest in low carbon projects and has created a trading market worth $144 billion.

Now, pictures have now emerged showing how open-cast mining at the Sasan thermal power plant in Madhya Pradesh in India, funded through carbon credits, has forced some of the world’s poorest from their homes and left communities destroyed.

Submitted by Lloyd Abbott, working with the World Development Movement

Help us produce more like this

Editor Portrait Patreon is a platform that enables us to offer more to our readership. With a new podcast, eBooks, tote bags and magazine subscriptions on offer, as well as early access to video and articles, we’re very excited about our Patreon! If you’re not on board yet then check it out here.

Support us »

Subscribe   Ethical Shop