New York City (April 30, 2024) – In a historic first, the United Nations Special Rapporteur on Indigenous Peoples and Amnesty International joined Indigenous Peoples in denouncing carbon markets and their human rights violations, which include the International Monetary Fund putting whales into the carbon market. The United Nations Special Rapporteur on Indigenous Peoples Francisco Cali Tzay agreed that a “moratorium […]
And this goes back to the first post I made, about the difference between carbon markets and carbon offsets. The EU ETS does not have offsets and does not allow for emitters promising to emit less to be paid for doing so. There are a capped amount of carbon credits auctioned by a government body, which companies emitting within the EU and some other member countries have to buy to be permitted to emit. The amount of credits is lowered every year towards zero by 2050. The money paid goes to the government to be used to support green projects or be paid out to citizens. To put it another way: