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Shutting Down the Fog Machine

Gar W. Lipow
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Gar W. Lipow: Independent journalist, Olympia, WA, USA

Review of Radical Political Economics, 2015, vol. 47, issue 2, 231-242

Abstract: The RRPE article, “Left Clouds Over Climate Policy Change†(Hahnel 2012a: 83-89), includes stringent and radical proposals to solve two additionality problems in project-level carbon offsets. Its failure suggests carbon offsets are irreparably broken. National penalties for non-additionality, intended to shift regulatory incentives, fail to solve the principal/agent problems addressed. Modifying standards for emission cap measurements in order to solve additionality problems in land use change and forestry (LUCF) overlooks technical obstacles and political consequences.

Keywords: carbon markets; clean development mechanism; offsets; climate crisis; climate justice; carbon capture and storage; sequestration (search for similar items in EconPapers)
JEL-codes: Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2015
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