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Carbon markets are a sham
December 7, 2009 -- Ankur Jain -- Times of India

AHMEDABAD: As world leaders gather at Copenhagen to discuss climate change, this Amdavadi has put it out loud and clear how the same leaders have failed to combat the problem so far.
Siddhartha Dabhi, 22, who is doing research at the University of Essex, and Dr Steffen Böhm, a reader from the university, have compiled a book, Upsetting the Offset: The Political Economy of Carbon Markets'. The book, which will be launched at Lund University, near Copenhagen, on December 15, argues that the measures to reduce carbon emissions following the Kyoto Protocol, have only made matters worse.
Dabhi, who graduated from St Xavier's College, Ahmedabad, challenges tall claims made about for carbon markets and carbon offsetting schemes. He has done a detailed case study of a Clean Development Mechanism (CDM) in Gujarat. "Carbon markets is a mutli-billion dollar business that helps industries earn more money under the disguise of so called green initiatives," says Dabhi.
The book has collection of 30 papers by well known academics, activists, environmentalists and researchers from around the globe. It provides latest cases and critiques of carbon markets and will be available free online. "We want people to know CDM is a scam to make money," says the young Amdavadi.
The book adds vigour to the argument that carbon markets simply don't address the underlying causes of climate change --over-consumption of finite fossil fuels.
"This book is a constructive and rigorous critique of CDM offset approaches to deal with carbon footprints. I recommend this book to any student, policy maker or administrator of climate change complexities in developed or developing countries," said professor of Indian Institute of Management, Anil Gupta. Sourse

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