04 May '11, 9am

Our carbon accouuting system is as mad as a hatter, writes @AndrewSimms_nef

Our carbon accouuting system is as mad as a hatter, writes @AndrewSimms_nef

The contradiction is so large that perhaps it is difficult to see. It is the economic model itself. It demands ever more damaging over-consumption by the already rich to deliver shrinking, unreliable benefits to the poor. It's a model in which most benefits accrue to the former, yet without significantly improving life satisfaction, and costs, to the latter. Economic insult is merely added to environmental injury that a large proportion of our current carbon debts (let alone larger historical ones) are borne by others because of an accounting quirk.

Full article: http://www.neweconomics.org/blog/2011/05/04/carbon-accoun...

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