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A Critical Conversation on Climate Change ... - Green Choices

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196 development dialogue september 2006 – carb<strong>on</strong> tradingWell, look around you. Few members of the general public have anyinkling of what is going <strong>on</strong> in the bureaucracies that govern either theUN’s or the EU’s climate market, or what evasi<strong>on</strong>s, abuses and c<strong>on</strong>flicts are afoot. Few are even aware how far the attempt to set up a giantglobal carb<strong>on</strong> market has g<strong>on</strong>e. Few, too, can make sense of the swarmof acr<strong>on</strong>yms and technical terms Kyoto has spawned and c<strong>on</strong>tinues tospawn, including AAUs, CERs, ERUs, DNAs, DOEs, NAPs, PDDs,AIEs, SBIs, COPs, MOPs, SBSTAs, LULUCF, additi<strong>on</strong>ality, modelrules, meth panels, supplementarity, leakage, and so <strong>on</strong>. Not even manyjournalists covering climate know what’s going <strong>on</strong>.No w<strong>on</strong>der I haven’t heard about all this stuff before.Yes. That’s not to say that there hasn’t been a lot of debate about theshortcomings of polluti<strong>on</strong> trading. But it rages largely am<strong>on</strong>g affectedcommunities and an expert elite with its own interests. The publicat large, whether in the US or worldwide, has tended to be fooled bythe complexity of trading systems into believing that they are reducingpolluti<strong>on</strong> more than they are. On the whole, public debate has notbeen enhanced, but rather blocked, by the schemes. And, as will bedetailed in the coming chapter, the carb<strong>on</strong> market has not expanded,but rather c<strong>on</strong>tracted, ordinary people’s choices, in case after case.Nor is the discussi<strong>on</strong> helped when NGO trading prop<strong>on</strong>ents insistthat emissi<strong>on</strong>s markets have nothing to do with assets and property.‘The Kyoto Protocol and the EU ETS do NOT create propertyrights,’ <strong>on</strong>e large Washingt<strong>on</strong> envir<strong>on</strong>mental NGO staff memberproclaimed indignantly in late 2005. ‘The EU ETS created the “allowance”specifically to make clear that is c<strong>on</strong>stitutes a discrete permitunder a regulati<strong>on</strong>, not a property right.’ 456 Kyoto units are merely‘unitised and divisible embodiments of promises,’ insists another envir<strong>on</strong>mentalist.457 To warn the public that assets are being given awayto the rich, fumes still another, is ‘ideological claptrap’.Such dismissive views block intelligent public debate about what kindof property rights emissi<strong>on</strong>s trading schemes involve; whether thoserights are defensible; how they might be distributed or transferredand to whom and for whose benefit; and so <strong>on</strong>. Such a debate is crucial.Whose atmosphere is it, and whose earth? This is a questi<strong>on</strong> foreverybody, not just for government ministries, lobbyists, experts andlarge envir<strong>on</strong>mental NGOs.Indeed, <strong>on</strong>e of the reas<strong>on</strong>s the EU ETS has run into such difficultiesis that there has been no open debate <strong>on</strong> allocati<strong>on</strong> of allowances.No newspaper or televisi<strong>on</strong> programme appears to have covered the‘choices involved in setting up the system during the period in which

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