A disturbing new film premiered recently at the Green Nation Film Festival in Rio de Janeiro in the run up to the Rio+20 Summit.
Entitled The Carbon Rush, the film reveals the unsavoury side of the Clean Development Mechanism (CDM), which allows countries that are signatories to the Kyoto Protocol to implement emission-reduction projects in developing countries to earn carbon credits that can be counted towards meeting their national emission reduction targets.
According to the CDM website, there are currently 4259 registered projects, and there are a number of video clips that extol the virtues of such projects (see below). I shall reserve judgement until I get to see The Carbon Rush in full, but it seems to indicate that the CDM is susceptible to ‘market failure’ (to put it mildly).
Filed under: Climate, Development, Ecological degradation, Human rights, International political economy, Sustainable development Tagged: | carbon credits, CDM, Clean Development Mechanism, Kyoto, market failure