This statement, endorsed by 57 prominent human rights and environmental organisations from Europe, Africa, Asia,and North America, argues that carbon markets will never deliver for southern governments, forests or people.

Carbon trading does not reduce emissions, will not deliver money where it is needed on the ground and will not recognize the important role that communities play in protecting forests.

The statement, released in the second week of the Paris climate summit in December 2015, is an update of a similar statement released in 2011. While some of the figures have changed, the fundamental flaws in relying on a carbon market to deliver are just as pronounced today.