bond sharife makoba ccs seminar 11 july 2012
TRANSCRIPT
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 1/53
Patrick Bond,
Khadija Sharife andGcina MakobaUniversity of KwaZulu-atal
School of Built !nviron"ent and#evelo$"ent Studies, #urban
$resented to theUKZ %entre for %ivil Society
&& 'uly ()&(
cartoons b Za iro
#urban cli"ate
and trash $olitics*deco""issionin+ the
Bisasar oad %lean#evelo$"entMechanis", and
e$lorin+ dis$osalalternatives,botto"-u$
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 2/53
.he case a+ainst
Bisasar oad %#M
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 3/53
Patrick Bond and
Khadija SharifeUniversity of KwaZulu-atalSchool of #evelo$"ent Studies and
%entre for %ivil Society, #urban
$resented to the
/nternational Society for
!colo+ical !cono"ics
&0 'une ()&(
cartoons by Za$iro
The CDM in Africa
C annot Deliver the Money Why the carbon trading gamble won’tsave the planet from climate change,
and how African civil society is resisting
A report by the University of Kwa!l!"#atal Centre for Civil $ociety %$chool of &!ilt 'nvironment and
Development $t!dies( and Dartmo!th CollegeClimate )!stice *esearch +roect
A!thors-.idelis Allen %#igeria(
&ar!ti Amisi %Dem/ *ep!blic of Congo(+atric0 &ond %$o!th Africa(
Keith &r!nner %U$A(*!th Castel"&ranco %Mo1ambi2!e(
Michael Dorsey %U$A( Alm!th 'rnsting %3ermany(3erardo 3ambira11io %U$A(Terri 4athaway %Cameroon( Adrian #el %#ew ealand(
Will #ham %Canada(Khadia $harife %$o!th Africa(
')56T editor- 6eah Temper %$pain(')56T reviewer- )oan Martine1"Alier %$pain(
http-77cdmscannotdeliver/wordpress/com7
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 4/53
why trade in $ollution1
2orld Bank co""ends3i"$eccable4 lo+ic
#5.!* #ece"ber &(, &66&.7* #istribution8* 9awrence :; Su""ers
3/ think the economic logic behind d!mpinga load of to8ic waste in the lowest wage
co!ntry is impeccable and we should faceu$ to that< 5frica is vastly !nder $olluted4=$re$arin+ for ori+inal io !arth Su""it, secret "e"o of Bank chiefecono"ist 9arry Su""ers, later US .reasury Secretary and 7ba"a4s
econo"ic "ana+er > full "e"o* www;whirledbank;or+?
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 5/53
Bra@ilian environ"ent "inister 'osA 9ut@enber+er*
9:o!r reasoning is perfectly logical
b!t totally insane/; %ollor fired 9ut@enber+er Su""ers beca"e US .reasurySecretary, President of :arvard and 7ba"a4s econo"ic c@ar
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 6/53
3wisely use natural resources
while su$$ortin+ the robust
+rowth develo$in+ countriesstill need< Cto "ove the
econo"yD away fro"
subo$ti"alities and increase
efficiency > and hencecontribute to short-ter"
+rowth > while $rotectin+ the
environ"ent;4
May ()&(
not mentioned by &an0-
< financial spec!lation in
commodities and nat!re,
< e8port"led growth, or< irrationality of so m!ch
international trade,
incl!ding wasted b!n0er
f!el for shipping
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 7/53
at the %entre for %ivil Society,we don4t a+ree, so we hel$ed"ake a fil" =&;E "illion views?*
www;storyofca$andtrade;or+
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 8/53
fil" critiFue of carbon tradin+
www;storyofca$andtrade;or+
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 9/53
b!t ban0s are
desperateUK Climate Change Minister
3reg &ar0er, =>?>-@We want the City of
6ondon , with its !ni2!e
e8pertise in innovative financial prod!cts, to
lead the world and
become the global h!b for green growth finance/
We need to p!t the s!b" prime disaster behind !s@
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 10/53
but the sub-$ri"e disaster isn’t going away
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 11/53
Source: IMF, Global Financial Stability Report , April 2010
neither are derivatives or B!antitative 'asing’ bailo!ts
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 12/53
wealthy +overn"ents4 debt
reaches =$olitical? ceilin+
vast increase
mainly reflects
bailo!t of U$
and '!ropeanban0s in late
=>>
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 13/53
financiers now des$erate to
co""odify every thin+
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 14/53
we thin0 of
carbontrading asprivatising
the air’-
howdoes
carbontrading
wor0
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 15/53
in &660, US vice-$resident 5l Gore=later a carbon trader? $ushed for
Kyoto to include e"issions "arkets
3ore contin!ed to fib-The '!ropean Union hasadopted this U$ innovationand is ma0ing it wor0
effectively there/’ = An Enconvenient Tr!th, $; (E(?
carbon trading gamble-
in echan+e for 2ashin+ton4s su$$ort
%promise bro0en by FG"> vote in U$ $enate, ?FF(
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 16/53
impossible to finance renewableenergy with s!ch low carbon prices
e"issions "arket crashes, ())-&(
())6 H5. fraud, ()&) resale fraud, ()&& theft-closuredoes !U carbon tradin+
3work effectively41
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 17/53
The &avarian $toc0 '8change will cease its emissions certificate trading
operations on H> )!ne =>?=/ After the vol!me of trading on '!ropeanstoc0 e8changes has pl!nged to practically 1ero in recent months,
emissions trading lac0s the preconditions necessary to establish
li2!id trading operations/ #!mero!s reasons have been cited forthe decline, ranging from the waves of emissions certificate theft
and IAT fra!d that devastated the image of emissions trading to
the pl!nge in trading prices when a gl!t of largely free certificatesswamped the mar0et/ @En its present form, emissions trading is not
accepted by the mar0et/ 3iven the sit!ation in &r!ssels, the !ncertainty ca!sed by
the '!ro1one debt crisis and the gloomy economic prospects ahead, we do not anticipate
that politicians will ta0e rapid action to ad!st framewor0 conditions@, stated Dr/ Christine&ortenlJnger, Director of &ayerische &rse A3/ htt$*IIwww;bayerische-boerse;deI+reen"arketI$resse;ht"l
Munich, May ((, ()&(
&avarian $toc0 '8changeanno!nces e8it from emissions trading
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 18/53
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 19/53
%an /!.5
defend !.S1
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 20/53
htt$*IIcd"scannotdeliver;word$ress;co"
how is carbon tradin+
affectin+ 5frica1
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 21/53
htt$*IIcd"scannotdeliver;word$ress;co"
Many sites of emissions in Africa L e/g/,
methane from rotting r!bbish in
landfills , flaring of gas from oile8traction, coal"b!rning electricity
generation, coal"to"li2!id and gas"to"
li2!id petrole!m refining,
deforestation, decomposed vegetationin tropical dams L re2!ire !rgent
attention, as do the proliferation of
false sol!tions’ to the climate crisis
s!ch as mega"hydro power, tree plantations and biof!els/ Across Africa,
the CDM s!bsidi1es all these
dangero!s for"profit activities, ma0ing
them yet more advantageo!s tom!ltinational corporations which are
mostly based in '!rope, the U$ or
$o!th Africa/
CDM players
Niger Delta gas flaring
Tanzanian timberplantations
Ugandan forestsand plantations
Mozambican fuel-switch
DRC mega-dam
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 22/53
htt$*IIcd"scannotdeliver;word$ress;co"
Many sites of emissions in Africa L e/g/,
methane from rotting r!bbish in
landfills , flaring of gas from oil
e8traction, coal"b!rning electricity
generation, coal"to"li2!id and gas"to"
li2!id petrole!m refining,
deforestation, decomposed vegetation
in tropical dams L re2!ire !rgent
attention, as do the proliferation of
false sol!tions’ to the climate crisis
s!ch as mega"hydro power, tree plantations and biof!els/ Across Africa,
the CDM s!bsidi1es all these
dangero!s for"profit activities, ma0ing
them yet more advantageo!s tom!ltinational corporations which are
mostly based in '!rope, the U$ or
$o!th Africa/
*eport contents-• Chapter 5ne sets the conte8t for the carbon mar0ets and
the CDM mechanism, revealing its contin!ing price collapse
and gloomy f!t!re prospects/• Chapter Two maps the players in CDM mar0ets and
vol!ntary schemes/
Chapters Three thro!gh 'ight are the case st!dies,
beginning with $o!th Africa’s pilot CDM fra!d and
environmental racism in D!rban’s &isasar *oad landfill
methane"electricity proect, along with similar trends in'gypt/
• Chapter .o!r dissects the case of #igerian CDM corr!ption
of local governance, especially where oil companies are
receiving s!bsidies for red!cing their #iger Delta gas flaring
L an act which by law they are prohibited from doing in the
first place/• Chapter .ive addresses the emergence of trees, plantations
and forests within CDM financing debates, with cases from
Uganda, Mo1ambi2!e, the D*C, Tan1ania and Kenya/
• Chapter $i8 is abo!t two failed CDM proposals both
involving e8ploitation of Mo1ambi2!e’s gas reserves/
• Chapter $even disc!sses the way mega"dams are being
lined !p for CDM stat!s, with case st!dies from 'thiopia
and the D*C/
• Chapter 'ight considers the rise of the Kenyan and
Mo1ambican )atropha biof!el ind!stries
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 23/53
Source: http://cdmpipeline.org/cdm-projects-region.htm
where are %lean #evelo$"ent Mechanis" $rojects funded1
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 24/53
%hina and /ndia have been +arnerin+ J)L of %#M $rojects
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 25/53
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 26/53
i d# b S th 5f i
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 27/53
Bisasar oad
conversion of"ethane-to-electricityat environ"entally-
racist toic du"$
5frica4s lar+est landfill
$laced in black residentialsuburb =%lare !state? bya$artheid "unici$ality
refused to close it thanksto 2orld Bank ())(invest"ent hy$e*
W& +rototype Carbon .!ndemissions red!ctions credits
#urban, South 5frica*&E "illion %#M $ilot
Sajida Khan’sfamily home
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 28/53
Sajida Khan =&6E(-())0?thou+h felled by cancer fro" du"$, she had co-hosted 3#urban Grou$ for %li"ate 'ustice4 =())N?
and her challen+e to Bisasar "ethane flarin+te"$orarily rebuffed 2orld Bank in ())E
proect went ahead in =>> even tho!ghD$W’s additionality’ claim was a lie
Concl!sion b %entre
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 29/53
Concl!sion to re$ort by %entrefor %ivil Society O #art"outh
%olle+e for
@the system sho!ld bedecommissioned and at
minim!m, a moratori!m be placed
on f!rther crediting !ntil the
profo!nd str!ct!ral and
implementation flaws are
confronted/ The damage done by
CDMs to date sho!ld be incl!ded incalc!lations of the climate debt’
that the #orth owes the $o!th, with
the aim of having victims of CDMs
compensated appropriately/@
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 30/53
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 31/53
h l i t k U8%%%
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 32/53
hel$in+ to "ake U8%%%
%#M $olicy* Halli Moosa• &isasar *d landfill was internally approved in early =>>>s
when Moosa was $A’s environment ministerN• Moosa sho!ld have fo!ght environmental racism by sh!tting &isasar *d
and compensating victims, instead of approving CDM th!s 0eeping it open N
• Moosa then became chair of 's0om and was also r!ling party’s .inance
Committee member L acting improperly’ %$A +!blic +rotector’s office(when approving O billion Med!pi coal"fired plant crony contract that
rewards A#C P while 4itachi7A#C boilers will be delivered
a year late, th!s threatening wave of power blac0o!tsN• in addition to corr!ption and e8treme contrib!tions to
climate change, 's0om also proposed Med!pi for CDMN
• Moosa is in conflict of interest in many respects and sho!ld not be
permitted to chair or serve on any U#.CCC CDM +olicy Dialog!e panelhttp://www.cdmpolicdi!logue.org/p!nel
Moosa4s a$$roach unveiled in
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 33/53
Moosa4s a$$roach unveiled in
$o!th Africa’s CDM +olicy "ep!rtment o# $n%ironment!l A##!irs !nd &ourismNational Climate Change Response Strategy , Septem'er 200(
Et sho!ld be !nderstood !p"front
that CDM primarily presents arange of commercial opport!nities ,
both big and small/ This co!ld be avery important so!rce of foreign
direct investment ///’
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 34/53
$A ff ld’ h l i i
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 35/53
$A offers world’s cheapest electricity tometals smelters " phase"o!t needed
's0om bragged in =>>Fann!al report, tho!gh as a
res!lt, O?/=bn =>>F"?> losses
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 36/53
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 37/53
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 38/53
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 39/53
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 40/53
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 41/53
Major sites for neoliberal plus
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 42/53
Major sites for neoliberal plus
sustainable dev. discourses
UNFCCCUNFCCCUNFCCCUNFCCC
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 43/53
str!ct!ral problem-national
self"interest at U# C5+s
ei+ht fatal flaws of carbon tradin+
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 44/53
ei+ht fatal flaws of carbon tradin+• inventin+ $ro$erty ri+ht to $ollute is effectively 3$rivati@in+ air4, a
"oral dile""a +iven un$recedented ineFuality• G:Gs have non-linear i"$act, not reducible to co""odity echan+e
=a tonne of %7( $roduced at 34 not sa"e as a tonne reduced at 3Q4?
• the cor$orations "ost +uilty of $ollution, and the 2orld Bank ="ostres$onsible for fossil fuel financin+?, are the "arket4s drivin+ forces >and the United ations is !tterly incompetent at re+ulation
• "any offsets > e;+; "onocultural ti"ber $lantations, forest3$rotection4, landfill "ethane-electricity > devastate localco""unities and ecolo+ies
• $rice of carbon in these "arkets is haywire, not least due tocorru$tion, fraud and theft > with no $ros$ect of re+ulation
• dan+erous $otential for "arkets to beco"e "ulti-trillion dollars$eculative bubbles, si"ilar to other eotic financial instru"ents
• encoura+es s"all incre"ental shifts, distractin+ us fro" bi+ chan+esneeded across econo"y, ener+y, trans$ort, consu"$tion, dis$osal
•
3"arket solutions for "arket failure4 is not an a$$ro$riate ideolo+yafter the world4s worst-ever financial "arket failure
)cin! M!*o'! on In!nd!
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 45/53
)cin! M!*o'! on In!nd!
!nd the origins o# ru''ish
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 46/53
ser%ice deli%er
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 47/53
S*ippers,!re we 'eing s*ipped or++
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 48/53
we !re to s*ip++
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 49/53
or it is the di%ision o# cl!ss
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 50/53
ho is p!ing the price
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 51/53
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 52/53
i%ing in hope
8/13/2019 Bond Sharife Makoba CCS Seminar 11 July 2012
http://slidepdf.com/reader/full/bond-sharife-makoba-ccs-seminar-11-july-2012 53/53
%ollect Buy back centres