Public/private interests in CO2 markets
Summary written by AI from servindi.org, not reviewed by a person. Original linked.
Public/private interests in CO2 markets
Bolivia has repealed its longstanding prohibition on commodifying environmental functions, allowing carbon markets to enter the country following a constitutional ruling that prioritizes international agreements over national law. This decision opens the door to climate financing driven by corporate and state interests, creating urgent tensions with indigenous rights and territorial sovereignty. Indigenous peoples warn that this mechanism acts as a "false solution" to the climate crisis, whereby polluting corporations purchase carbon credits to continue their destructive practices while appropriating local forests. The lack of transparency, abusive long-term contracts, and the absence of a binding prior consultation process expose communities to dispossession and to the subordination of their decisions to the accumulation of agro-industrial capital. This article is crucial for understanding greenwashing, as it illustrates how the discourse of climate conservation is used to legitimize the expansion of extractive models. By promoting the idea that financing deforestation in the Global South offsets emissions in the North, the reality of territorial dispossession is concealed, and attention is diverted from the historical responsibility of major polluting corporations, thereby fragmenting indigenous resistance through unrealistic economic promises.
Source: servindi.orgPublished on 2026-11-07