Climate Justice Now!| Will Emissions Trading Solve Global Warming Faster? | Sunday, December 04, 2005 |
Overheard at the Montreal climate negotiations yesterday:
"Emissions trading may be unfair, but we don't have time to work out a better solution. It's the approach that will work the fastest."
by: ProfMKD @ 9:31 AM | 0 comments links to this post
“Without creating scarcity of supply by challenging national allocation plans, the [EU] runs the risk of undermining the value of carbon credits and of providing insufficient financial incentive for companies to cut emissions, says [Ernst & Young]. . . . An Ernst & Young Survey conducted in June found only 40% of respondents believe the scheme will result in a reduction in emissions.”
Energy Risk, 8 July 2004
by: ProfMKD @ 9:19 AM | 0 comments links to this post
Chris Rowland of Dresdner Kleinwort Wasserstein has this to say about European emissions trading in the International Emissions Trading Association's Greenhouse Gas Market 2005: The Rubber Hits the Road being distributed at the Montreal climate negotiations:
"Faced with a shortfall of CO2 allowances, companies seem to be adopting a variety of strategies -- but few seem to be centred on abating CO2" (p. 39).
Instead, companies are hoping they'll be able to
by: ProfMKD @ 8:56 AM | 0 comments links to this post