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Carbon markets vs ecological economics: Evidence from Kenya challenges the core assumptions of global offset schemes
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Carbon markets vs ecological economics: Evidence from Kenya challenges the core assumptions of global offset schemes
Ecological economics, institutionalized with the formation of the International Society for Ecological Economics in 1988, positions the economy as embedded within, and constrained by, ecosystems. Carbon markets, however, are built on the very neoclassical assumptions that ecological economists have long challenged: substitutability of natural capital, reduction of ecological processes to monetary metrics, and the prioritization of economic […]
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