Food & Water Watch: China Cap-and-Trade Program Not What The Climate Needs

Washington, DC—(ENEWSPF)—September 25, 2015. Statement by Wenonah Hauter, Executive Director, Food & Water Watch:

“The reported move by China to enact a cap-and-trade program for carbon emissions will not begin to solve our climate crisis. Pollution trading signifies a dangerous reliance on the market to address a problem that only a decisive move away from fossil fuels and to renewables can truly solve.

“Through a system of ‘credits’ and dubious and unverifiable offsets, cap-and-trade programs essentially create a commodity out of pollution, allowing for financial corporations to profit from polluting industries.

“Furthermore, scrutiny of such programs show they don’t work. A recent analysis of the Joint Implementation (JI) program enacted under the Kyoto Protocol in Europe found that only 14 percent of the claimed greenhouse gas reduction offsets under the program were even ‘plausible.’ The offset program resulted in the equivalent of about 600 million additional metric tons of carbon dioxide into our atmosphere.

“It’s ironic this announcement comes as Pope Francis visits the United States. In his encyclical earlier this year, the Pope called carbon trading programs a form of speculation, cautioning they ‘may simply become a ploy which permits maintaining the excessive consumption of some countries and sectors’.

“If we truly want to reduce carbon emissions, we must enact policies that truly move our world into a renewable energy future. We must start by banning fracking and extreme energy extraction.

“The Paris talks must center around policies that will move us decisively away from fossil fuels, not schemes to allow the financial industry to continue profiting from our climate crisis.”

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Food & Water Watch champions healthy food and clean water for all. We stand up to corporations that put profits before people, and advocate for a democracy that improves people’s lives and protects our environment.

Food & Water Watch works to ensure the food, water and fish we consume is safe, accessible and sustainable. So we can all enjoy and trust in what we eat and drink, we help people take charge of where their food comes from, keep clean, affordable, public tap water flowing freely to our homes, protect the environmental quality of oceans, force government to do its job protecting citizens, and educate about the importance of keeping shared resources under public control.

Source: www.foodandwaterwatch.org

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