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Climate Justice Now!
| IS THE CARBON MARKET WORKING? Why not ask business? (unlucky thirteenth in a series) |
“We ran into a big storm . . . we had a lot of permanence rocks thrown at us. . . . It was like stepping into a stream full of piranhas.”
-- Banker talking about resisance to the proposed project of the Plantar company, Brazil, to generate carbon credits from plantations and an "avoided fuel switch" scheme for charcoal production to fuel pig iron works, 2005

by: ProfMKD @ 12:13 PM | 0 comments links to this post

| IS THE CARBON MARKET WORKING? Why not ask business? (twelfth in a series) |
“Few in the [Clean Development Mechanism] market can deal with communities.”
-- Banker, October 2005

by: ProfMKD @ 12:10 PM | 0 comments links to this post

| IS THE CARBON MARKET WORKING? Why not ask business? (eleventh in a series) |
“It is widely recognized that . . . [the end-of-pipe developments that so far constitute the bulk of Clean Development Mechanism projects] have no direct development benefits.”
--Holm Olsen, United Nations Environment Programme

by: ProfMKD @ 12:09 PM | 0 comments links to this post

| IS THE CARBON MARKET WORKING? Why not ask business? (tenth in a series) |
Although “there were high hopes that the Clean Development Mechanism would usher in climate-friendly foreign direct investment, . . . this remains largely to be seen.”
--R. A. Alburo Guarin, Development Bank of the Philippines

by: ProfMKD @ 12:07 PM | 0 comments links to this post

| IS THE CARBON MARKET WORKING? Why not ask business? (ninth in a series) |
The Clean Development Mechanism “is not encouraging companies to devote funds to renewable energy sources . . . to the extent . . . hoped.”
--Wall Street Journal, , 11 August 2005


by: ProfMKD @ 12:03 PM | 0 comments links to this post

| IS THE CARBON MARKET WORKING? Why not ask business? (eighth in a series) |
“Everyone is so short people are looking for larger-scale projects.”

--World Bank carbon fund executive, October 2005

by: ProfMKD @ 12:00 PM | 0 comments links to this post

| IS THE CARBON MARKET WORKING? Why not ask business? (seventh in a series) |
"Clean Development Mechanism credits will always be discounted. There are just not enough guarantees. I’m not going to spend my life in the court of Belo Horizonte to get my credits. . . . We’re placing bets here.”

-- Carbon fund manager, October 2005

by: ProfMKD @ 11:58 AM | 0 comments links to this post

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