Indigenous communities facing an upsurge in land grabs, water shortages and human rights violations as a result of the Cop26 deal have accused world leaders of sacrificing them in order to postpone meaningful climate action and shield corporate profits.

The Glasgow deal creates a regulated global carbon trading market – a move widely supported by the world’s biggest polluters including the US – allowing countries to partially meet their climate targets by buying credits representing emission cuts by others.

Critics warn that carbon markets incentivize countries and corporations to offset – rather than cut – emissions responsible for global heating by investing in so-called green energy projects like biofuel monocrops and hydroelectric dams, which are linked to environmental destruction, forced displacement, arbitrary arrests and even murder.

In addition, such carbon credit schemes often rely on sequestering land, forests and rivers relied on by indigenous and local communities for food, water, medicine and spiritual traditions, and there is little evidence to suggest they lead to a genuine drop in emissions.

In fact, global emissions have continued to soar since carbon credits were first incentivized under the voluntary Kyoto protocol in 1997, as have abuses against indigenous and rural communities defending land rights and natural resources.

Now, indigenous communities fear what’s coming next as the scope and scale of the new global carbon market – introduced in…

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