[Invisible hand? or middle finger? Are carbon markets just recycled junk bonds and sub-prime mortgages? -jlt]
| ...market mechanisms make it attractive for powerful actors to circumvent them. |
Barcelona, Spain, 9 October 2008--As the international financial crisis grows and markets become more unstable, Global Forest Coalition [1] launched a timely new report, "Life as Commerce: the Impact of Market-based Conservation" [2] today at the IUCN World Conservation Congress.
"Life as Commerce" features case studies from India, Costa Rica, South Africa, Paraguay and Colombia about the impact of market-based conservation mechanisms like ecotourism, forest certification, biodiversity offsets and carbon trade on Indigenous Peoples, local communities and women. These impacts are particularly important in light of the proposal by some countries to include forest conservation into the global carbon market.
Read the rest here => (includes contact information and links to the study in English, French and Spanish)
| The current economic crisis has also shown the unreliability of global markets as a potential funding source for conservation. |
The Guardian reviews the study here =>
Nicholas Stern, former Chief Economist of the World Bank and author of the Stern Report in which climate change was declared to be an enormous market failure, makes the case that the global recession is the best time for investing in a low-carbon economy. ("Green routes to growth," Guardian, October 23, 2008.) It may also be time to dismantle the war economy.Recommend this Post
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