In July 2001, an international agreement to tackle climate change was reached in Bonn. But its “carbon market” approach is incoherent. No one knows how to value the goods in this market, nor to whom they belong. As a result, the market, backed by a growing, well-funded, global climate technocracy, is set to subsidise further climate change. Democratic challenges to this “carbocracy” will be crucial in opening up the climate debate and combating the scientific fraudulence now rife in mainstream discussions.