Climate change: we must terminate this market madness | Andrew Simms

Arnold Schwarzenegger's financial ties to companies implicated in illegal logging shows the markets do not have the answer

"If climate change is a total downer it's going to be really hard to take action," said one of the scientists behind the UN climate panel's recent report on climate-driven threats to food, health and infrastructure.

One reaction is to talk up the business opportunities of doing things. Without doubt, there are many, and there is enormous scope for climate entrepreneurs. But there is a trap in hyping markets as the answer.