Kristen Lyons and Peter Westoby
The Paris climate talks at the end of 2015 no doubt left some feeling as though global politics might have turned a little green. With a Climate Agreement aiming at keeping global temperature increase to less than 1.5 degrees Celsius, national governments have some heavy lifting to do in cutting emissions.
The green economy—including carbon markets and other payments for ecosystem services—is being championed as the ‘solution’ to meeting this target, alongside expanding the renewable energy sector. Reducing Emissions from Deforestation and forest Degradation (REDD) and related projects, and with a strong focus on developing countries, is part of what Naomi Klein calls the new ‘Gaia capitalism’; where making money is directly tied to saving the planet. But if that sounds too good to be true, that’s because it is!