Global climate change negotiations currently treat greenhouse gas emissions as a tradable commodity. Carbon trading on poorly regulated commodity futures markets has disrupted efforts to address climate change. The planned expansion of carbon trading could also adversely affect food security. A carbon derivatives market is unnecessary and should not be a part of national or international climate policy.

Speculating on Carbon: The Next Toxic Asset is part of a series of issue briefing papers produced for the Copenhagen United Nations Framework Convention on Climate Change (UNFCCC). Included below is the fact sheet adapted from the briefing paper and the Spanish translation of the fact sheet.