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Daphne Wysham's Posts


The Story of 'The Story of Cap-and-Trade'

‘The Story of Cap-and-Trade’: This moment demands better solutions

The subtitle of The Story of Cap-and-Trade -- the short film released this week by The Story of Stuff Project, Climate Justice Now, and the Durban Group for Climate Justice -- is "Why you can't solve a problem with the thinking that created it." Our goal in releasing the film was to make a simple point: climate change is, as Lord Nicholas Stern, author of the Stern Review on Climate Change, noted, the largest market failure we have ever known. And yet, in spite of this, we're looking to cap-and-trade, a "market solution" that has failed to deliver results, in …


Critics question World Bank’s role as carbon trader, fossil-fuel funder

For as long as it's been around, the World Bank has been prone to mission creep. Established 60 years ago to rebuild war-torn Europe, it morphed into an institution whose raison d'etre was to help developing countries advance, then refined its focus on poverty alleviation and sustainable development in the 1980s and '90s. During that time, it took on the role of effectively creating international environmental and social rules for development finance. Now the bank has recast itself to pursue a mission some call its creepiest yet. Nearly a decade ago, the institution began making plans to enter a new …