Carbon trading has been widely exposed as a false solution to the climate crisis. A multi-billion euro industry built around the buying and selling of artifi cial pollution rights, carbon trading is a cloak for the disastrous lack of action by developed countries to cut their greenhouse gas emissions and provide adequate climate fi nance as repayment of their climate debt to the developing world. In spite of this, there is a drive to expand global carbon trading at the next Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC COP 17) in Durban, South Africa, in December 2011.
Carbon markets briefing
