In its current form, cap-and-trade amounts to a system that interferes with development patterns in the South to offset carbon emissions resulting from “business as usual” in the North. Politics should be seeking alternatives to the trading model, argue Tim Forsyth and Zoe Young.
Tim Forsyth
is a writer and lecturer at the London School of Economics. He is author of International Investment and Climate Change, Earthscan, London, 1999.