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Publication : Big Business Emissions Trading

Against the Financialization of Nature. Policy Paper 02/2013

Key facts

Series
Policy Papers
Published
June 2013
Ordering advice
Only available online

Details

The work of the commission of the German Parliament (Bundestag) on “Growth, Prosperity, Quality of Life – Paths toward a sustainable economy and social progress in the social marketplace” concluded in mid-April. One of the commission’s five project groups was titled “growth, resource consumption, and technical progress – possibilities and limits of decoupling” and focused on socio-economic issues.

In its final report the commission states that the European Union is a worldwide pioneer in achieving greenhouse gas (GHG) emissions reductions and that the EU has achieved their climate targets mainly through emissions trading. Emissions trading is seen as a substantial factor in achieving the energy transformation (Energiewende) and in limiting global warming to a maximum of two degrees Celsius.

We categorically object to these claims.

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