New Internationalist

Video: Scrap the carbon credits scheme!

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

Comments on Video: Scrap the carbon credits scheme!

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  1. #1 Fern Henley 07 Jan 12

    Isn't the carbon credits program a little bit like the pope selling indulgences before the reformation?

    So glad you disapprove for many reasons. Here in Virginia many of us are hoping to be able to mine Uranium but we have faced danger in the mining of coal so we know we have to be very careful in the extraction process. One of our delegates went to Canada and to France to see first hand a successful operation.

    Thank you for your attention.

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