LAUSR

Abstract This article attempts to re-ground analyses of carbon markets by examining the material relations of production of a REDD + project in Cambodia. It focuses on how surplus value is extracted from labour at various points in the production chain of Verified Carbon Units (VCUs). Using extensive field work conducted over three years on a REDD + project in northern Cambodia I argue that VCUs are neither actual avoided units of deforestation and emissions, nor mere imagined or socially constructed commodities. Rather VCUs are packages of technical and affective claims attached to particular REDD + projects which are created through material labour processes. Only by examining the use-values that are created through these labour processes can demand for VCUs be properly understood. This article will start by giving a background to the Oddar Meanchey REDD + project (OMREDD + project). It will then examine the writing of the project document and examine the verification process and consider how these formed critical parts of the commodity production process. After that it will examine how the project collapsed on the ground and yet VCUs were still sold in the market. Finally the article will consider how the claims of the OMREDD + project were challenged by critical work and how future interventions against REDD + projects can successfully undermine the claims of REDD + projects and the extraction of surplus value.