This paper, by German analysts Jochen Luhmann and Wolfgang Sterk, is worth reading for several reasons. One is that it contains a very careful, interesting, and scrupulous discussion of the process by which overly economistic understandings of efficiency have corrupted the notion of emissions targets, and in so doing allowed the carbon marketeers to claim the high ground — as if “offsets” and similar approaches should properly be unrestricted. [Read more…]
