THE BIG CLIMATE DEAL

After the Kyoto conference, politicians created an instrument which was to be the great white hope of climate protection: emissions trading. Ten years later: What has been the outcome?

Can climate change still be stopped? After the Kyoto conference, politicians created an instrument which was to be the great white hope of climate protection: emissions trading. Just 10 short years after the introduction of this measure, however, the balance sheet is more than sobering: the idea that one can save the climate by sticking a price tag on pollution rights and trading them on an exchange as tonnes of CO2 has failed once and for all. In the meantime, the securities are practically unsellable and global CO2 emissions have risen dramatically. The reason for this is that the European Union has undermined its own trading system. Instead of making environmental pollution expensive, it has given away more and more emission rights. The industry has circumvented European climate change legislation and fled to countries that have no CO2 constraints at all.

Genre Current Affairs
Length 52’ HD
Film by Inge Altemeier
Production Altemeier & Hornung Filmproduktion for NDR/ARTE
Original Title Profit mit der schmutzigen Luft / De l’argent propre avec de l’air pollué
Year 2013

Europas CO2-Aussoß ist vor allem gesunken, weil viele Fabriken abgewandert sind Durch Umsatzsteuerbetrug lösten sich 9 Milliarden Euro in heiße Luft auf

After the Kyoto conference, politicians created an instrument which was to be the great white hope of climate protection: emissions trading. Ten years later: What has been the outcome?
Can climate change still be stopped? After the Kyoto conference, politicians created an instrument which was to be the great white hope of climate protection: emissions trading. Just 10 short years after the introduction of this measure, however, the balance sheet is more than sobering: the idea that one can save the climate by sticking a price tag on pollution rights and trading them on an exchange as tonnes of CO2 has failed once and for all. In the meantime, the securities are practically unsellable and global CO2 emissions have risen dramatically. The reason for this is that the European Union has undermined its own trading system. Instead of making environmental pollution expensive, it has given away more and more emission rights. The industry has circumvented European climate change legislation and fled to countries that have no CO2 constraints at all.

Current Affairs
Length
52’ HD
Film by
Inge Altemeier
Production
Altemeier & Hornung Filmproduktion for NDR/ARTE, 2013
Original title
Profit mit der schmutzigen Luft / De l’argent proper avec de l’air pollué