Oscar Reyes is an Associate Fellow of the Institute for Policy Studies, and a freelance consultant specialising in carbon markets and climate finance. His recent work includes Power to the people? (on the World Bank’s Clean Technology Fund) and the co-authored Carbon trading: How it works and why it fails. He provides research and advice on the economics and politics of climate change to various organisations, including Corporate Europe Observatory, Earthlife Africa and Friends of the Earth UK. He is also environment editor of Red Pepper, a magazine that he previously edited.