Taken for granted in the climate change discussion is the assumption that nature or the environment is something that can or should be commodified, yet the structure of capitalism is such that it seeks to commodify everything, including human life (labor) and the environment (land and natural resources). The commodification of nature and the environment, inherent in the capitalist system, is problematic in its own right. Within this economic system, land, as well as labor, are seen as a commodity – something that can be purchased – and an essential part of industry. Yet what does it mean to say that something like “labor” and “land” are commodities? Karl Polanyi, the great economist, anthropologist, philosopher and sociologist, argued that both are not created as something to be sold. Labor is essentially human activity, a necessary part of life. Land, synonymous with nature, is not produced by man and in fact, encompasses man as a part of itself. When we sell the right to harm the natural environment, we are effectively selling something that is not ours.
Yet many seek to solve the climate change crisis through market mechanisms and through the buying and selling of rights to pollute or degrade the natural environment through things like carbon taxing and trading. This is effectively selling the rights to pollute something that is not ours to sell.