Carbon Trading receive a new boost from UN-REDD program.

Below is the “agenda-setter” video on REDD, which was sponsored by the UN-REDD Program, produced by the London based Television Trust for the Environment (www.tve.org/) and shown as a curtain raiser at the United Nations Secretary-Generals High Level Event on REDD held on September 23rd at the United Nations Headquarters in New York. Read also these two short pieces (from CNN and intercontinentalcry) reporting some of the problems with these programmes. In particular what is interesting here is that the REDD programme is a case of distorted commons, i.e. one in which the “sharing” is functional to capitalist growth and therefore it is a locus of frontline contradictions (such as preventing indigenous to self-manage their forest in the name of climate change). Interestingly, if existing (and not only newly planted trees) forests are given monetary value, and these in turn are turned into tradable credits that can be purchased on the market, a carbon credit glut seems inevitable with a consequent fall in price, making the entire carbon credit scheme even more of a farce.


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