Frederic Hache is the cofounder and executive director of Green Finance Observatory, an NGO tracking the world of “sustainable finance”, debunking its claims, and working with European policymakers to warn against supposed market-based solutions.
He joins me to explain how the markets have financialised and commodified the climate crisis: why carbon credit schemes are nonsense, the worrying advent of biodiversity offsetting, and the tokenisation of environmental protection. He explains that environmental regulations have a long history of being effective, and questions why protection of the natural world is being handed over to markets.
He reveals which “green” markets are already linked to human rights abuses around the world, how crypto is muscling in on the space, and how lobbyists have hijacked the agenda to protect profits.
Planet: Critical investigates why the world is in crisis—and what to do about it.