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Trading irresponsibility: turning environmental policies into gambling casinos - Frederic Hache

Trading irresponsibility: turning environmental policies into gambling casinos - Frederic Hache

FromEconomics for Rebels


Trading irresponsibility: turning environmental policies into gambling casinos - Frederic Hache

FromEconomics for Rebels

ratings:
Length:
35 minutes
Released:
Dec 5, 2023
Format:
Podcast episode

Description

When we say, “Money cannot buy conscience”, in today’s economy, we could not be further from the truth. Our current economy can turn absolutely anything into financial assets. Even irresponsible behaviour. A company that is incapable of reducing its carbon emission can just buy carbon credits and continue business-as-usual. Another that is about to ruin a habitat can offset its wrongdoing by paying money to someone else to save another habitat somewhere else. While these solutions may make bad behaviour slightly more costly, they do not stop them. Moreover, they contribute significantly to neocolonialism. Today’s guest, Frederic Hache explains us how these nature markets work and how they turn environmental policies into gambling casinos.
Released:
Dec 5, 2023
Format:
Podcast episode

Titles in the series (54)

The world is on fire. We have to radically and rapidly transform every aspect of society to stay within 1.5 degrees of global warming. How is this possible? And how do we do this in a way that is fair? Ecological economists integrating ecological and critical social perspectives have long been working on ideas to bring about just sustainability transformations. This podcast aims at communicating these ideas in order to open them to critical discussion, from global problems to people’s everyday lives.