Monday, December 31, 2007

Where credit is due

" When money is on the table, there can be plenty to fight about. And right now there is a hefty wad of cash being dangled before governments and NGOs that comes with a catch: accept carbon trading as the deal or get nothing at all. Even so-called adaptation funding, arguably the largest piece of the pie, if done correctly, is being proffered to cash-poor countries--but only as a percentage of the carbon-trading budget. The message: accept carbon trading or your poor will starve.

But here's the deal: carbon trading is not some innocuous attempt at climate stability. It is the neoliberal agenda writ large. Countries that are already on the treadmill of debt will become even more beholden to the institutions that have so successfully advanced the corporate agenda via the World Bank, the WTO and other agents of hegemony.

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