CCS Events
CCS Libraries
About CCS
CCS Projects
CCS Highlights

Publication Details

Bond, Patrick (2009) Carbon Trading, Space, Time and Eco-Social Contestation.  : 1-19.

There is a central strategy within the 1997 Kyoto Protocol and its follow-up treaty anticipated for negotiation at Copenhagen in 2009: addressing climate change through the market mechanism known as emissions trading. Based upon government issuance and private trading of emissions reductions credits and offsets, this approach has become controversial in its most advanced pilot - the European Union's Emission Trading Scheme - as well as in its proposed application in the United States through 2009 legislation, and in the Third World through the Kyoto Protocol’s “Clean Development Mechanism”. Moreover, the ongoing world financial crisis has undermined market faith in derivative investments such as carbon credits. They have suffering extreme price volatility, including the European carbon price crash of 70 percent during 2008. The linkages between financial market and emissions market problems are, indeed, revealing in spatio-temporal terms, especially in the context of deeper overaccumulation crisis and investors’ desperate need for new speculative outlets. But even before the recent market crashes, there emerged a “double movement” in the Polanyian sense: if commodification of society and nature over-reaches, the reaction in civil society is to resist, deflecting devaluation of overaccumulation and in the process offering decommodifying alternatives. In that spirit, the Durban Group for Climate Justice was founded to oppose carbon trading in 2004, followed by the broader-based Climate Justice Now! movement in 2007 at the Bali climate negotiations, in addition to many other sites of direct action against fossil fuels extraction and power generation. It is in the nexus of the spatial and

temporal aspects of carbon financing amidst resistance by adversely affected peoples, that we learn broader-based lessons for global/local environmental politics and climate policy.

(About the author: Patrick Bond received his PhD in Geography and Environmental Engineering from Johns Hopkins University. Among numerous books and articles on local and global environmental problems, he coedited Climate Change, Carbon Trading and Civil Society, published by Rozenberg Press in Amsterdam, 2007.)

Read Publication 
 cast your net a little wider...
 Radical Philosophy 
 African Studies Association (USA)  
 New Dawn Engineering 
 Indymedia Radio 
 Southern Africa Report online 
 Online Anti Apartheid Periodicals, 1960 - 1994 
 Autonomy & Solidarity 
 New Formulation 
 We Write 
 International Journal of Socialist Renewal 
 Journal of African Philosophy 
 British Library for Development Studies 
 The Nordic Africa Institute Online Library 
 Political Economy Research Institute Bulletin (PERI) 
 Feminist Africa 
 Jacques Depelchin's Tribute to Harold Wolpe 
 African Studies Quarterly 
 The Industrial Workers of the World 
 Anarchist Archives 
 Wholewheat Radio 
 Transformation: Critical Perspectives on Southern Africa  
 Zanon Workers 
 Public Citizen  
 Open Directory Project 
 Big noise films 
 London Review of Books  
 New York Review of Books 
 Monthly Review 
 New Left Review 
 Bureau of Public Secrets  
 Zed Books 
 Pluto Press 
 Duke University Press  
 Abe Books 
 The Electric Book Company 
 Project Guttenberg 
 Newspeak Dictionary 
 Feral Script Kiddies 
 Go Open Source 
 Source Forge 
 Ubuntu Linux Home Page 
 Software for Apple Computers 

|  Contact Information  |  Terms of Use  |  Privacy