The Ecologist and the New Economics Foundation have launched an essay competition. Details as follows:
A lot of faith is being put into carbon markets to tackle climate change. But the markets we do have, like the European Emissions Trading Scheme, are out-of-line with the carbon cuts that science tells us is necessary. In other words, without much more dramatic caps on emissions, we could end up trading ourselves over a global warming cliff. It's the paradox of environmental economics. Sometimes in well-intentioned attempts to put a price on natural resources, we can miss the bigger picture
So, to connect our politicians with reality before it is too late, we've come up with a question. The question is:
How do you price the extra tonne of carbon that, once burned, tips the balance and triggers potentially catastrophic, irreversible global warming?
All submissions must be under 1,000 words, submitted electronically to mark@theecologist.org and andrew.simms@neweconomics.org and be received by June 30th.
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