We need to talk about the travesty that is the carbon credit and offset market. Perhaps ecocide laws might be an antidote to this fallacy.
The irreversible damage done to ecosystems, pollution and biodiversity loss should not be commercialised and traded in a capitalistic way on a market.
It's been reported that the earth is facing its 6th mass extinction driven by human activity, primarily (though not limited to) the unsustainable use of land, water and energy use, and climate change.
In the pursuit of extreme extraction of virgin materials for manufacturing and extreme capitalism that doesn't care about the impact that it has on the earth, whether directly or indirectly, the notion of taking another action that cancels the damage the company has done should not even exist.
Meanwhile, because of the harm done in the name of overproduction and growth, there are animal and plant species that we will never get back. Ever. And their habitats are in too many cases polluted, poisoned or destroyed. Same goes for the human lives, communities, their land and environments that have been destroyed and will continue to be ravaged unless we end deceptive concepts like carbon credit markets.
The EU has voted to introduce crimes that can be 'comparable to ecocide' in its revised Environmental Crime Directive. Ecocide as a standalone crime would mean the most senior board members or policy makers would be held legally accountable for decisions that lead to mass environmental harm, regardless of how that harm is caused!
Jojo Mehta, Co-founder and CEO of Stop Ecocide International, said:
“The historic vote from the EU to include ecocide-level crimes in its revised crime directive shows leadership and compassion, and will strongly reinforce existing environmental laws across the region. It will establish a clear moral as well as legal “red line”, creating an essential steer for European industry leaders and policy-makers going forward.”
Take action by signing a petition here.
We need this type of reform in countries across the globe.