TreesForDev - Maria Ehrnström-Fuentes and Steffen Boehm - How do carbon markets work (and do they actually work)?

EXALT Podcast

In this episode we are joined by Professor Steffen Böhm from University of Exeter School of Business and project PI and Associate Professor Maria Ehrnström-Fuentes from Hanken School of Economics. In this conversation we explore carbon markets and how they work (or do not work) and what their connection is to so-called green development. We talk about compliance markets and voluntary markets. In the voluntary carbon markets, anyone can develop a project that plants trees in exchange for carbon credits. There are mechanisms and logics that are not well understood by the general populace that allow highly polluting companies to make themselves look carbon neutral or green through their participation in carbon offsetting. This myopic focus on carbon has developed into a more or less fetishist relationship with carbon and overly simplified measurements that obfuscate the wider social environmental impacts of companies.

Interested to learn more about Steffen’s work? https://business-school.exeter.ac.uk/people/profile/index.php?web_id=Steffen_Boehm

Interested to learn more about the TreesForDev Project? www.treesfordev.fi

Resources mentioned in the episode:

Böhm, S., Misoczky, M. C., & Moog, S. (2012). Greening capitalism? A Marxist critique of carbon markets. Organization Studies, 33(11), 1617-1638. https://doi.org/10.1177/0170840612463326

Ehrnström-Fuentes, M., & Kröger, M. (2018). Birthing extractivism: The role of the state in forestry politics and development in Uruguay. Journal of Rural Studies, 57, 197-208. https://doi.org/10.1016/j.jrurstud.2017.12.022

Ramirez, J., & Böhm, S. (2021). Transactional colonialism in wind energy investments: Energy injustices against vulnerable people in the Isthmus of Tehuantepec. Energy Research & Social Science, 78, 102135. https://doi.org/10.1016/j.erss.2021.102135