From Poverty to Power Green, Oxfam 2008 - weman

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5 THE INTERNATIONAL SYSTEM CLIMATE CHANGEdeveloping country, a company can earn credits for the reductionsachieved and apply them to its own emissions allowance. The CleanDevelopment Mechanism, run by the United Nations, involves tradingoffsets, while the EU Emissions Trading Scheme is a hybrid involvingboth kinds.The carbon market is a construct of government policy, and itseffectiveness hinges on the will and resolve of governments to settough limits on emissions and reduce them over time. This is whatcreates market scarcity, driving the carbon price higher, creating theincentive for private sector actors to deliver more efficiency gains andgreater reductions in emissions. Most observers and market playersexpect that there will be an extension and that trading schemes will beexpanded to other countries and sectors. 231So far, however, carbon markets remain fragile, unproven, andhugely controversial. They are also relatively small, covering less than5.5 per cent of global carbon emissions in 2006. On the plus side, theyhave established market institutions, rules, and a price for carbon.That much constitutes an impressive piece of institutional innovation,and discussions about the future of carbon trading under a post-2012framework are buzzing. But the real test is whether this market willlead to rapid and significant emissions reductions and low-carboninvestments, in both North and South. And therein lie significantdrawbacks:• Thanks to industry lobbying, caps were initially set far toohigh in Europe’s flagship scheme, and the price of carbonduly collapsed, removing incentives to cut emissions.Ongoing industry lobbying threatens to undercut proposalsto introduce auctioning of emissions permits into the ETS.• The price of carbon has been too volatile to prompt thelong-term investments in areas such as renewable energythat are required if emissions are to be reduced. 232• Because carbon trading seeks reductions in greenhouse gasemissions at the lowest possible overall cost, it channelsprivate sector efforts toward the cheapest reductions ratherthan those that are vital in the long-term, such as changes toinfrastructure, new technologies, and dispersed emissionssources (for example, transport and housing).415
FROM POVERTY TO POWERThe CDM is beset with other problems: severe doubts surround thecredibility of monitoring and verification of carbon reductions insome countries; the poorest countries are effectively excluded by theirlow levels of emissions and lack of concentrated sources; and theinitiative may even deter governments from curbing pollution, as theywait for a chance to ‘cash in’ under the CDM. In such circumstancesthe offsetting option within the EU scheme constitutes a major leakage,offering firms the chance to buy their way out of carbon constraintson the cheap, with few net benefits in curbing overall emissions.There is also a real tension between the CDM’s twin aims of reducingoverall emissions and transferring funds for low-carbon investmentsin the South. The market suits big, cheap emissions reduction projects,such as overhauling outdated chemical plants, rather than thedispersed investments that benefit poor people directly.The strength and utility of these markets depends on how existingpolicy frameworks are reformed to make them more stringent,predictable, and credible. 233 Some potential key developments underallowance-based cap-and-trade systems include extended geographicscope and linking between markets in different countries; inclusion ofnew sectors, such as aviation; and more auctioning of permits, insteadof free handouts to polluters (the leading allocation method in thepast). In the longer term, more radical exponents of market solutionshave even floated the possibility of personal carbon permits, providingincentives for individuals to save energy and sell their savings toinveterate SUV-driving, flight-hopping carbon hogs.To date, however, carbon markets have not delivered either significantemissions reductions or progress towards more sustainabledevelopment models. The risks of failure are enormous. By the timewe know how effective carbon trading really is, billions more tonnes ofcarbon will have been pumped into the atmosphere and irreversiblechanges may well be under way.The reliance on carbon trading betrays a mix of ideological biasand perhaps the influence of lobbying from traders always keen tocreate another profitable (and preferably volatile) market. Trying toapply a market solution like carbon trading to every problem canentail seemingly endless contortions, when often a simple regulationor tax would be both more direct and more effective. 234 Other416
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OXFAM INTERNATIONALOxfam Internatio
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First published by Oxfam Internatio
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PART 4 RISK AND VULNERABILITY 197Li
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LIST OF ACRONYMSAIDSARTARVASEANAUCA
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ACKNOWLEDGEMENTSThe word ‘editor
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FOREWORDGeorge Bernard Shaw argued
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FOREWORDThis book, which I hope wil
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PART ONE
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1 INTRODUCTION THE UNEQUAL WORLDEnd
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1 INTRODUCTION THE UNEQUAL WORLDExt
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1 INTRODUCTION THE UNEQUAL WORLDPOV
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1 INTRODUCTION THE UNEQUAL WORLDSuc
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1 INTRODUCTION THE UNEQUAL WORLDACT
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1 INTRODUCTION THE UNEQUAL WORLDpeo
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1 INTRODUCTION THE UNEQUAL WORLDcom
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PART TWOThe political roots of deve
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2 POWER AND POLITICS THE POLITICAL
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2 POWER AND POLITICS THE POLITICAL
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I HAVE RIGHTS, THEREFORE I AMThe hi
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2 POWER AND POLITICS I HAVE RIGHTS,
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FROM POVERTY TO POWERThe attitudes
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FROM POVERTY TO POWERJain: ‘A man
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FROM POVERTY TO POWERI READ, THEREF
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FROM POVERTY TO POWEREven where pub
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FROM POVERTY TO POWERplayed a pivot
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FROM POVERTY TO POWERDespite some p
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FROM POVERTY TO POWERof sub-Saharan
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FROM POVERTY TO POWERIn water servi
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FROM POVERTY TO POWERI SURF, THEREF
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FROM POVERTY TO POWERDespite the hy
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FROM POVERTY TO POWERresearch effor
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FROM POVERTY TO POWERWE ORGANISE, T
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FROM POVERTY TO POWERreinforce disc
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FROM POVERTY TO POWERThe bedrock of
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FROM POVERTY TO POWERwith imperviou
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FROM POVERTY TO POWERgovernments an
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FROM POVERTY TO POWERCASE STUDYand
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FROM POVERTY TO POWERI OWN, THEREFO
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FROM POVERTY TO POWER‘breathe lif
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FROM POVERTY TO POWERLAND REFORM‘
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FROM POVERTY TO POWERled to the cou
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FROM POVERTY TO POWERthese things.
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FROM POVERTY TO POWERwhile Benin an
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FROM POVERTY TO POWERWhere flawed d
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FROM POVERTY TO POWERstarted to att
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FROM POVERTY TO POWERI STEAL, THERE
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FROM POVERTY TO POWERTHE CURSE OF W
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FROM POVERTY TO POWERI RULE, THEREF
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FROM POVERTY TO POWERthe turn of th
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FROM POVERTY TO POWERBOX 2.2ARE EFF
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FROM POVERTY TO POWER‘embedded au
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FROM POVERTY TO POWERIn the face of
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FROM POVERTY TO POWERcost incurred
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FROM POVERTY TO POWERIn the Horn of
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FROM POVERTY TO POWERFROM POVERTY T
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FROM POVERTY TO POWER106
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FROM POVERTY TO POWERAN ECONOMICS F
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FROM POVERTY TO POWERpicture it off
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FROM POVERTY TO POWERthe work of wo
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FROM POVERTY TO POWERWhile the envi
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FROM POVERTY TO POWERcan be broaden
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FROM POVERTY TO POWERbut are largel
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FROM POVERTY TO POWERaltogether. Ru
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FROM POVERTY TO POWERFIGURE 3.2: MO
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FROM POVERTY TO POWERin their relat
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FROM POVERTY TO POWERliving from lo
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FROM POVERTY TO POWERenvironments.
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FROM POVERTY TO POWERthem farming o
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FROM POVERTY TO POWERThe jury is al
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FROM POVERTY TO POWERor credit to i
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FROM POVERTY TO POWERplanned mill.
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FROM POVERTY TO POWERto begin with.
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FROM POVERTY TO POWERprogrammes (SA
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FROM POVERTY TO POWERfertilisers to
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FROM POVERTY TO POWERDomestic and r
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FROM POVERTY TO POWERHOW CHANGE HAP
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FROM POVERTY TO POWERTHE CHANGING W
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FROM POVERTY TO POWERThe nature of
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FROM POVERTY TO POWERNOBODY’S FOR
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FROM POVERTY TO POWERFordist mass p
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FROM POVERTY TO POWERand Palau have
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FROM POVERTY TO POWERA similar situ
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FROM POVERTY TO POWERMany unions ha
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FROM POVERTY TO POWERBOX 3.5INDIA
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FROM POVERTY TO POWERrather than di
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FROM POVERTY TO POWEROne trade agre
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FROM POVERTY TO POWERPRIVATE SECTOR
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FROM POVERTY TO POWERothers see the
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FROM POVERTY TO POWERlocal producer
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FROM POVERTY TO POWERWhile China’
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FROM POVERTY TO POWERcountries rock
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FROM POVERTY TO POWERLocal NGOs and
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FROM POVERTY TO POWERbetter off eve
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FROM POVERTY TO POWERTwenty years o
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FROM POVERTY TO POWERcompanies (for
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FROM POVERTY TO POWERhigh- and midd
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FROM POVERTY TO POWERtheir comparat
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FROM POVERTY TO POWERchange is such
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FROM POVERTY TO POWERCASE STUDYThe
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FROM POVERTY TO POWERseason, or whe
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FROM POVERTY TO POWERLIVING WITH RI
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FROM POVERTY TO POWERInsecurity and
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FROM POVERTY TO POWERand withstand
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FROM POVERTY TO POWERcomprehensive
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FROM POVERTY TO POWERFIGURE 4.2: CA
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FROM POVERTY TO POWER(although deli
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FROM POVERTY TO POWERfailure, notab
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FROM POVERTY TO POWERhave a dignifi
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FROM POVERTY TO POWERStandard beare
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FROM POVERTY TO POWERWhile more exp
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FROM POVERTY TO POWERCASE STUDYtwo
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FROM POVERTY TO POWERFINANCE AND VU
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FROM POVERTY TO POWERas the insuran
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FROM POVERTY TO POWERHUNGER AND FAM
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FROM POVERTY TO POWERfirewood for s
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FROM POVERTY TO POWERthe 1973 droug
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FROM POVERTY TO POWERA human securi
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FROM POVERTY TO POWERof the Black D
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FROM POVERTY TO POWEREveryone has a
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FROM POVERTY TO POWERstate-of-the-a
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FROM POVERTY TO POWER24-hour advice
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FROM POVERTY TO POWERTherefore when
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FROM POVERTY TO POWERgovernment to
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FROM POVERTY TO POWERwhether in the
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FROM POVERTY TO POWERIn regions pro
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FROM POVERTY TO POWERThe key to suc
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FROM POVERTY TO POWERBOX 4.5:CUBA V
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FROM POVERTY TO POWERdisaster-drive
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FROM POVERTY TO POWERIn enhancing h
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FROM POVERTY TO POWERhigher confide
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FROM POVERTY TO POWERIn Africa’s
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FROM POVERTY TO POWERtheir source:
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FROM POVERTY TO POWERcommunity and
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FROM POVERTY TO POWERfrom this have
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FROM POVERTY TO POWERLIVING ON THE
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FROM POVERTY TO POWERLike Australia
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FROM POVERTY TO POWERA positive fut
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FROM POVERTY TO POWERcome out all s
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FROM POVERTY TO POWERareas or among
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FROM POVERTY TO POWERToday, though
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FROM POVERTY TO POWERinferior on th
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FROM POVERTY TO POWERreplaced the t
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FROM POVERTY TO POWERCourt, for exa
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FROM POVERTY TO POWERSHOCKS AND CHA
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FROM POVERTY TO POWERMajor changes
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FROM POVERTY TO POWERpassed from be
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FROM POVERTY TO POWERWHO RULES THE
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FROM POVERTY TO POWERPowerful state
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FROM POVERTY TO POWERThroughout the
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FROM POVERTY TO POWERinflationary p
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FROM POVERTY TO POWERWhen critics r
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FROM POVERTY TO POWERFund now both
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FROM POVERTY TO POWERbecome more pr
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FROM POVERTY TO POWERcrisis consist
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FROM POVERTY TO POWER- rather than
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FROM POVERTY TO POWERhis call the f
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FROM POVERTY TO POWER• Sudden inf
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FROM POVERTY TO POWERthe USA is cur
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FROM POVERTY TO POWERto reduce the
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THE INTERNATIONAL TRADING SYSTEMTRA
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FROM POVERTY TO POWERPatents: Intel
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FROM POVERTY TO POWERdumping on wor
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FROM POVERTY TO POWERMost alarming
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FROM POVERTY TO POWERprotectionism
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FROM POVERTY TO POWERThe vast major
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FROM POVERTY TO POWERPrices for som
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FROM POVERTY TO POWER• Establish
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FROM POVERTY TO POWERborder, or at
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FROM POVERTY TO POWERBOX 5.1MIGRANT
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FROM POVERTY TO POWERnumber of‘fr
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FROM POVERTY TO POWERFor example, q
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FROM POVERTY TO POWERMotivated by a
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FROM POVERTY TO POWERIn the Uruguay
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FROM POVERTY TO POWERlong-term deve
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FROM POVERTY TO POWERimportance in
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FROM POVERTY TO POWERUN Global Comp
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FROM POVERTY TO POWERThe drivers of
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FROM POVERTY TO POWERMore broadly,
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FROM POVERTY TO POWERWhatever the m
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FROM POVERTY TO POWERThe heightened
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FROM POVERTY TO POWERThe aid optimi
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FROM POVERTY TO POWERThe aid optimi
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Page 387 and 388: FROM POVERTY TO POWERWithholding ai
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Page 397 and 398: FROM POVERTY TO POWERA decade on, t
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Page 403 and 404: FROM POVERTY TO POWERThe humanitari
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Page 407 and 408: FROM POVERTY TO POWERlead agencies
Page 409 and 410: FROM POVERTY TO POWERgovernment in
Page 411 and 412: FROM POVERTY TO POWERThe only probl
Page 413 and 414: FROM POVERTY TO POWERopportunity is
Page 415 and 416: FROM POVERTY TO POWERREFUGEESPeople
Page 417 and 418: FROM POVERTY TO POWERWest African S
Page 419 and 420: FROM POVERTY TO POWERdrivers of con
Page 421 and 422: FROM POVERTY TO POWERCASE STUDYgrou
Page 423 and 424: FROM POVERTY TO POWERCLIMATE CHANGE
Page 425 and 426: FROM POVERTY TO POWERwithout heavy
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Page 429 and 430: FROM POVERTY TO POWERcap the aspira
Page 431: FROM POVERTY TO POWERreduce the qua
Page 435 and 436: FROM POVERTY TO POWERAccused variou
Page 437 and 438: FROM POVERTY TO POWERemissions by 8
Page 439 and 440: FROM POVERTY TO POWERBangladesh and
Page 441 and 442: FROM POVERTY TO POWERGLOBAL GOVERNA
Page 443 and 444: FROM POVERTY TO POWERNew Zealand wa
Page 445 and 446: FROM POVERTY TO POWERA NEW DEAL FOR
Page 447 and 448: FROM POVERTY TO POWER430
Page 449 and 450: FROM POVERTY TO POWERHOW CHANGE HAP
Page 451 and 452: FROM POVERTY TO POWERHow change hap
Page 453 and 454: FROM POVERTY TO POWER• Family str
Page 455 and 456: FROM POVERTY TO POWERTHE DYNAMICS O
Page 457 and 458: FROM POVERTY TO POWERseeking change
Page 459 and 460: FROM POVERTY TO POWERWithin many de
Page 461 and 462: FROM POVERTY TO POWERSecond, becaus
Page 463 and 464: FROM POVERTY TO POWER15 For a more
Page 465 and 466: FROM POVERTY TO POWER41 WaterAid (2
Page 467 and 468: FROM POVERTY TO POWER121 UNDP (2007
Page 469 and 470: FROM POVERTY TO POWER46 R. Offenhei
Page 471 and 472: FROM POVERTY TO POWER106 M. Rama (2
Page 473 and 474: FROM POVERTY TO POWER172 P. Chaudhr
Page 475 and 476: FROM POVERTY TO POWER37 FAO (2007).
Page 477 and 478: FROM POVERTY TO POWER94 IPCC (2007)
Page 479 and 480: FROM POVERTY TO POWER155 UN OCHA (2
Page 481 and 482: FROM POVERTY TO POWER34 UN (2006)
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FROM POVERTY TO POWER101 M. Chen (2
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FROM POVERTY TO POWER168 D. Rodrik
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FROM POVERTY TO POWER215 UN Framewo
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FROM POVERTY TO POWERBIBLIOGRAPHYAc
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FROM POVERTY TO POWERBoko, M., I. N
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FROM POVERTY TO POWERCiconello, A.
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FROM POVERTY TO POWERDFID (2005)
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FROM POVERTY TO POWERGaleano, E. (1
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FROM POVERTY TO POWERHopkins Leishe
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FROM POVERTY TO POWERKeynes, J.M. (
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FROM POVERTY TO POWERMoran, T. (200
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FROM POVERTY TO POWEROxfam Intermó
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FROM POVERTY TO POWERRama, M. (2003
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FROM POVERTY TO POWERStockbridge, M
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FROM POVERTY TO POWERUNESCO (2007)
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FROM POVERTY TO POWERWorld Bank (20
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FROM POVERTY TO POWEROxfam Australi
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FROM POVERTY TO POWERGLOSSARYAccoun
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FROM POVERTY TO POWEREffective stat
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FROM POVERTY TO POWERNeoclassicalec
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FROM POVERTY TO POWERINDEXPage numb
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FROM POVERTY TO POWERfinancial inst
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FROM POVERTY TO POWER303, 304, 305,
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FROM POVERTY TO POWERgrowth 114, 18
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FROM POVERTY TO POWERIndia:access t
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FROM POVERTY TO POWERJapan:climate
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FROM POVERTY TO POWERPacific region
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FROM POVERTY TO POWERtransnational
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FROM POVERTY TO POWER241; human sec
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