Simon Zadek has a new article, “Trouble with Carbon Markets,” in Project Syndicate:
In all of these areas, devising promising solutions, implementing pilot programs, and scaling successful initiatives would be relatively straightforward. Such efforts should draw on existing platforms and initiatives that bring together market actors, civil society, representatives of indigenous peoples and local communities, experts, and policymakers. Digital tools like so-called smart contracts can accelerate progress, especially when it comes to boosting transparency and accountability.
Getting carbon and biodiversity credit markets right is a determining factor in achieving our climate, nature, and broader development goals. If we fail to do so, these goals may become unreachable. In fact, without a comprehensive makeover, these markets will more likely be part of the problem.
