Emission trading systems aim to put a price on carbon, to save emissions where it is cheapest and benefit the global climate. But the approach has failed so far. In the EU, the price for carbon has dropped to a low, so producers can easily continue polluting. And they are actually making huge profits from the permits they receive.
We don’t need any “reconciliation of the economy and ecology”. Instead, we should be saying no to destructive and exploitative projects and policies - and yes to a repoliticisation of environmental debate.