The Global Campaign to Demand Climate Justice (DCJ) 

Stop selling us out! Governments have a last chance in the second week of COP29 to stop carbon markets – which will bulldoze forests, grab lands and contribute to climate breakdown. Carbon markets give new life to fossil fuels and expand emissions from big polluters. Countries in the Global South, and in particular vulnerable and racialized communities, will pay the price and bear the consequences of increasing devastating climate impacts. 

The approval of carbon markets is a desperate and destructive move because there is no real public and adequate finance on the table for the Global South. Moreover, communities living with offset projects become dependent on volatile prices and project developers: this impacts the right to say no and demand implementation of their rights.

Carbon markets are not climate finance. They line the pockets of banks project developers, auditors and standard-setting bodies, only causing conflict and dispossession in local communitie. The carbon credit  industry is riddled with conflict of interests and fraud. 

The approval of carbon markets would be a signal of the moral and financial bankruptcy of the climate talks at the moment. We need real public, grant based finance for real and just solutions – community management of forests, food sovereignty and upholding the rights of peoples who practice them. 

When: Wednesday 20th November | 09:30am

Where: Press Conference – Natavan, Area D / WATCH LIVE

Who:

Yusuf Baluch, Alliance of Non-Governmental Radical Youth

Agus Dwi Hastutik Walhi, Global Forest Coalition  

Linda Gonzalez, CENSAT AGUA VIVA – Friends of the Earth Colombia

Tom Goldtooth, Indigenous Environmental Network