Carbon Trading Imperils the Climate Protection Legacy and Ambitions of the Montreal Protocol

This briefing outlines EIA’s concerns over carbon trading and the sale of carbon offset credits to fund activities related to the management and destruction of ozone depleting substances (ODS) and hydrofluorocarbons (HFCs).

These concerns include: needless damage to the climate system; derogation from the adverse effects provision (Article 2.1) of the Vienna Convention; the danger of perverse incentives; improper management and accounting; a variety of equity issues; privileging private rent-seeking over public benefits; and the threat carbon trading poses to the climate protection legacy of the Montreal Protocol.