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This campaign focuses on discrediting financial instruments, such as carbon markets, that are presented as solutions to the climate crisis and biodiversity loss, but in reality have negative environmental impacts.
Carbon markets are being put forward as a source of finance for protecting forests through the UNFCCC REDD mechanism (Reducing Deforestation and Forest Degradation), and pricing mechanisms are the focus of increasing interest from policymakers engaged in biodiversity protection debates, including in the Convention on Biological Diversity (CBD).
This campaign aims to expose the holes in the logic that props up these financial instruments and promote people's demands for concrete alternatives.
Because many corporations are strongly lobbying for mechanisms like carbon markets, the campaign will also document and make use of key cases that highlight the problem of “corporate capture” of the agenda of UN spaces, such as the United Nations climate and biodiversity talks.
Image: Members of Friends of the Earth International show COP 15 delegates that carbon offsetting is the greatest con trick in history. Copenhagen, 2009