Our Global Justice Ecology Project Earth Watch guest joining us to delve into a deeper discussion of carbon offset and its impact on climate change is researcher Jutta Kill, whose current research focuses on analyzing the role of carbon markets in the emergence of the Green Economy concept where natural complexity and diversity are transformed into "natural capital" – the re-defined "nature" of the Green Economy. Her recent writings explore how in the process, rules-based environmental legislation and fines for violation of environmental regulation are being replaced with incentive-based regulation and fees that buy the right to destroy or pollute.