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Anxious about your carbon emissions? Don’t stress! You may pump out as a lot as you need — so long as you purchase some offsets to steadiness it out. Petrified of the collapse of wildlife? No drawback! We will determine how a lot cash our ecosystems are value, and let the market do the remainder!
Welcome to the logic of inexperienced capitalism. Fossil gasoline giants declare to have a good time sustainability whereas pumping out poisonous emissions. Governments are counting on carbon offsets to make their local weather guarantees add up. And we’re informed that we are able to battle the local weather disaster with the magic of financial markets.
Why have firms bought so keen on sustainability? Will carbon offsets save us — or are they only a cute accounting trick? And if wind and photo voltaic power are so low cost, why haven’t we embraced them?
Ayeisha Thomas-Smith is joined by Adrienne Buller, creator of The Worth of a Whale: On the illusions of inexperienced capitalism, and Brett Christophers, creator of The Value is Mistaken: Why capitalism gained’t save the planet.
Music by Serge Quadrado, used beneath Inventive Commons licence: cre​ativecom​mons​.org/​l​i​c​e​n​s​e​s​/​b​y​-​n​c​/4.0/.
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