McKenna’s global carbon market plan more charade than genuine climate action

At the conclusion of the United Nations COP24 climate talks in Katowice, Poland, federal Environment Minister Catherine McKenna boasted that Canada “played a leading role in laying the groundwork for a global carbon market.”

In short, this is a corporate-friendly approach backed by the World Bank Group in which a central authority allocates or sells a limited number of credits to corporations to discharge specific quantities of carbon pollution. Polluters that want to increase their carbon emissions must buy credits from other corporations willing to sell their excess credits. MORE

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