Balancing the climate change issue with sustainable energy and the threat of carbon shortage is no easy task for South Africa, but carbon trading might just help. South Africa relies very heavily on coal for electricity generation and for powering the cement-and-steel-manufacturing industries. Although the entire South African region is host to some of the world’s largest … [Read more...]
Steer clear of this climate ‘Ponzi scheme’
Africa can do better than invest faith and state resources in yet another Ponzi scheme — the ‘privatisation of the air’. LAST winter, when carbon prices fell 15% in one week, industry analysts called it ‘carnage’. Then, in the fortnight before last month’s Durban climate summit, carbon prices fell more than 30%, with front-year European Union (EU) Allowance permits dropping … [Read more...]
COP17 groups say Africa must reject carbon markets
Over 100 civil society organizations from Africa and around the world sent a letter earlier this week to African negotiators attending the UN global climate talks in Durban, calling for them to reject efforts to place agricultural soils within a carbon market. Countries in Durban will consider whether to advance a separate agriculture work program within the global climate … [Read more...]
Peak Poison
Governments and corporations will gather in Bali, Indonesia, in December 2007, to plot a way forward on climate change. Peoples' movements, and even main stream civil society organisations, are increasingly sceptical that they have the political will, imagination or wisdom to put people and the future of the planet ahead of corporate profits and economic growth. People's … [Read more...]
