A Dangerous Obsession

Abstract

"The report catalogues the repeated failure of global and regional carbon trading to deliver in its own terms as expressed in the promises of its advocates. The authors decisively reject the argument that the disappointing record of attempts to construct carbon markets is due to “teething problems” or because we have not tried hard enough. Rather, they demonstrate that the carbon trading architecture is fundamentally unfit for purpose and cannot possibly deliver the stabilisation of atmospheric greenhouse gas concentrations that the scientific community is calling for in the time frame that matters." (p. 2)