The Government’s Carbon Trading Euphoria
Monday, January 5, 2026
Carbon trading is suspected of being merely a façade, as if it were a serious effort to reduce emissions. Deforestation continues unabated.
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IN the government’s imagination, the carbon trading business resembles the trade in semi-precious stones: mined, polished, then laid out for sale. As if simply opening forest restoration concessions and overhauling regulations would automatically draw in carbon buyers. That wide-eyed optimism was on display when the government promoted the national carbon exchange at the 30th United Nations Climate Change Conference (COP30) in Belém,
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