Land prices can be driven up and threaten the rights of Indigenous Peoples.
Carbon pricing schemes, which include carbon taxes and offsets, are designed to allow corporations to buy their way out of reducing actual emissions (at source) with loopholes that allow reduction targets to be reached without actual emissions reductions taking place.
The vested interests of corporate lobbies, polluting governments, financial institutions such as the World Bank, big conservation NGOs, among many others, have supported these false solutions, not only to legitimize and expand a clearly unsustainable economic system based on extraction but also as a source of further profit and land grab.
The goal of a cap and trade program is to report an overall reduction in emissions through buying and trading permits or credits, rather than reducing pollution at source. Traders argue that the free market will guide the process towards the cuts that are the cheapest to make.