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Envisioning carbon markets in a doughnut space

On March 16, 2012, in Risk Management, by Joe Nyangon
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In a recent Discussion Paper titled “A Safe and Just Space for Humanity: can we live within the doughnut?,” Oxfams’s Kate Raworth writes, “International carbon-offsetting schemes have been set up to enable high-emissions companies and individuals to buy carbon credits by financing investments, often in developing countries, which reduce net CO2 emissions.” Raworth has developed […]

In a recent Discussion Paper titled “A Safe and Just Space for Humanity: can we live within the doughnut?,” Oxfams’s Kate Raworth writes, “International carbon-offsetting schemes have been set up to enable high-emissions companies and individuals to buy carbon credits by financing investments, often in developing countries, which reduce net CO2 emissions.” Raworth has developed a global compass for sustainable development based on ‘doughnut economics,’ created by combining social foundation with environmental ceiling.

But countries are beginning to internalize environmental externalities by monetizing the greenhouse gas emissions through carbon offsets. For example, animated graphics of thirteen countries of life expectancy vs. carbon emissions, and income per capita vs carbon emissions, show remarkable carbon variations.

life expectancy v carbon emissions

Income per capita v carbon emissions

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