The failure of the UN Climate Action Summit. Helped by the distraction of Natural Climate Solutions

This week saw the UN Climate Action Summit in New York. The highlight was Greta Thunberg’s “How dare you?” speech. She pointed out that the remaining CO2 budget will be gone in less than nine years at today’s emissions levels. “There will not be any solutions or plans presented in line with these figures here today,” she predicted.

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Guest Post: TAMS – Failed experiments with carbon in Madagascar

In 2016, Sara Peña Valderrama completed her PhD in social anthropology, where she studied a forest carbon project run by Conservation International in Madagascar. Her thesis is available on Durham University’s website: Entangling Molecules: an ethnography of a carbon offset project in Madagascar’s eastern rainforest. She submitted this Guest Post about what happened when the project changed to a carbon project. She is currently a Honorary Research Associate at Durham University.

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Carbon markets are not providing “long-term, scaled-up, predictable, new and additional finance”

Two stories about the current failure of carbon trading as a way of raising money to address climate change: First, the Adaptation Fund, which has seen its income from a tax on carbon credits dry up; Second, an exchange between Conservation International and the World Bank, which are both pro-carbon trading, but only one seems to realise that the markets have collapsed.

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