World Bank’s Carbon Trade Fiasco

Because of a myopic focus on greenhouse gas reduction only, and a lack of accountability to local communities, many projects are producing other environmental and social ills that are diametrically opposed to the program’s stated objectives.

Project Censored

In the name of environmental protection, the World Bank is brokering carbon emission trading arrangements that destroy indigenous farmlands around the world.

The effort to coordinate global action to reduce greenhouse gas (GHG) emissions began with the Kyoto Protocol, which was adopted in 1997 and now has been ratified by 183 nations. While many of the strategies established in the protocol are encouraging, some are proving to have fatal flaws. One such program, known as Clean Development Mechanism (CDM) investment, has become a means by which industrialized countries avoid reducing their own emissions through the implementation of “emissions reduction” projects in developing nations.