A Possible Rebirth of the Carbon Market?
Photo courtesy: Priya.Balraju1/Flickr
Many people have voiced pessimism over an international agreement to address climate change since the 2009 climate conference in Copenhagen fell short of expectations. The lack of a comprehensive, global effort to curb emissions; the failure by the United States to pass meaningful federal legislation, the continued recession in Europe; and, most recently, the election results in Australia have undermined efforts to put a price on carbon and dampened hope for market-based solutions to climate change.
The somber mood was evident at the Carbon Forum Asia, held in Bangkok between September 24 – 27. But participants at the event also found a glimmer of hope.
Original blog post and comments: http://blogs.worldbank.org/climatechange/possible-rebirth-carbon-market