Sunday 27 January 2008

Emissions trading update

This week, the CEO of IETA, Andrei Marcu, will talk about emissions trading and sustainable development at our new offices in Geneva.

The IETA issued a press release yesterday calling for better recognition of environmental standards in the voluntary carbon market place.

I will be speaking with Mr Marcu about his experiences at the World Economic Forum last week, including the session on The Effectiveness of Carbon Trading.

The World Business Council for Sustainable Development (WBCSD) has quoted Mr Marco in a news release on January 25th:

“A clear outcome from negotiations in Copenhagen is essential for the continuity of the rapidly growing carbon market. There are substantial investments flowing through the Clean Development Mechanism (CDM), but uncertainty about the future of the market after 2012 could easily undo the momentum and hinder future expansion,” said Andrei Marcu, President and CEO of the International Emissions Trading Association (IETA).

Over the weekend, Japan Prime Minister Yasuo Fukuda unveiled a 10 billion dollar climate change fund. The proposal included the Cool Earth Promotion Programme, which features a new financial mechanism to reduce greenhouse emissions.

The plot below displays recent blogging activity about emissions trading: