The second chapter examines the defining environmental policies and programmes pursued by many of the world’s powerful political economic institutions and governments, namely carbon pricing and carbon offsetting regimes. It is within this chapter that the programme of ‘green capitalism’ begins to take shape. Together, the first chapters explore how the flattening tendency and appeals to scientific objectivity of neoclassical economics, in combination with the depoliticising tendencies of market-centric governance and thought, serve to erase the inescapably political nature of ecological crisis and obscure the essential role of power in determining the contours of our responses to it.