Los mercados de emisiones de carbono en la COP25 de Madrid: Una amenaza para los pueblos, la política y el planeta
Summary
The document critiques carbon emission markets, including 'cap and trade' and 'offsetting' mechanisms, as ineffective tools for climate action. It asserts that these systems allow historical polluters to avoid reducing emissions at the source while causing human rights abuses and 'climate colonialism' in the Global South. The briefing specifically warns against the adoption of Article 6 of the Paris Agreement at COP25, arguing that it would institutionalize these flawed mechanisms and prioritize corporate interests over climate justice.
Key insights
- Carbon emission markets are described as failures that do not reduce global emissions; for example, the EU emissions trading scheme was criticized for selling permits as low as 4 euros, and the European Commission found in 2016 that only 2% of Clean Development Mechanism (CDM) projects were likely to be effective.
- Carbon offsetting and cap-and-trade systems are linked to severe impacts on Indigenous peoples and local communities, including forced relocation, land grabbing for monoculture plantations, and 'carbon slavery' where families are contractually obligated to manage forests without pay.
- The Clean Development Mechanism (CDM) and Joint Implementation schemes are criticized for lack of safeguards, leading to human rights abuses and environmental degradation, such as the overproduction of HFC-23 gas to generate credits.
- The document argues that carbon markets serve as a 'dangerous distraction' that allows wealthy nations to avoid their climate debt and public financing obligations by counting money received through these markets as climate finance.
- Carbon markets are seen as tools to maintain corporate power, with companies like Shell using offsets to expand operations and the International Emissions Trade Association (IETA) sending over 1,800 representatives to UN climate talks since 2000.
- At COP25, the primary point of contention is Article 6 of the Paris Agreement, which introduces 'Internationally Transferred Mitigation Outcomes' (ITMOs) and a new Sustainable Development Mechanism (SDM) that could allow countries to simulate compliance with emission reduction promises.
- The briefing warns that the CORSIA airline offsetting scheme, starting in 2023, could aggravate climate chaos and unfairly burden airlines in developing countries by ignoring the principle of common but differentiated responsibilities.
Cite the original document
- APA
- Cadena, L., Bhatnagar, D., Browne, J., Goldtooth, T., Onodera, Y., Race, M., Raman, M., Saldamando, A., & Shaw, S. (n.d.). Los mercados de emisiones de carbono en la COP25 de Madrid: Una amenaza para los pueblos, la política y el planeta. Friends of the Earth International. https://www.foei.org/wp-content/uploads/2021/05/Spanish-carbon-markets-briefing.pdf
- Chicago
- Cadena, Lucy, Dipti Bhatnagar, Jaron Browne, Tom Goldtooth, Yuri Onodera, Madeleine Race, Meena Raman, Alberto Saldamando, and Sara Shaw. Los mercados de emisiones de carbono en la COP25 de Madrid: Una amenaza para los pueblos, la política y el planeta. Friends of the Earth International, n.d. https://www.foei.org/wp-content/uploads/2021/05/Spanish-carbon-markets-briefing.pdf.
- Wikipedia
- {{cite report |last1=Cadena |first1=Lucy |last2=Bhatnagar |first2=Dipti |last3=Browne |first3=Jaron |last4=Goldtooth |first4=Tom |last5=Onodera |first5=Yuri |last6=Race |first6=Madeleine |last7=Raman |first7=Meena |last8=Saldamando |first8=Alberto |last9=Shaw |first9=Sara |title=Los mercados de emisiones de carbono en la COP25 de Madrid: Una amenaza para los pueblos, la política y el planeta |publisher=Friends of the Earth International |url=https://www.foei.org/wp-content/uploads/2021/05/Spanish-carbon-markets-briefing.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{cadenandlos, author = {Cadena, Lucy and Bhatnagar, Dipti and Browne, Jaron and Goldtooth, Tom and Onodera, Yuri and Race, Madeleine and Raman, Meena and Saldamando, Alberto and Shaw, Sara}, title = {{Los mercados de emisiones de carbono en la COP25 de Madrid: Una amenaza para los pueblos, la política y el planeta}}, institution = {Friends of the Earth International}, url = {https://www.foei.org/wp-content/uploads/2021/05/Spanish-carbon-markets-briefing.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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