Other derivative markets have faltered in 2009, but carbon trading has gone right on booming. Participants are enthusiastic about the EU market, yet the real challenge is to implement these ideas elsewhere.
Other derivative markets have faltered in 2009, but carbon
trading has gone right on booming. Participants are
enthusiastic about the EU market, which is set to flourish. But
the real challenge is to implement these ideas elsewhere -
first in the US and then the wider world. As Siân
Williams reports, the specialist firms are eager to start, but
there will be no market until politicians, industry and the
public overcome their fears.
In the city of Leshan in China's Sichuan province, a
hydroelectricity project is under way. One of the aims is to
earn Carbon Emission Reduction certificates, which can be sold
in Europe to companies wanting to exceed their carbon dioxide
pollution limits. Yet the future of projects such as this
depends not just on what is happening in Europe, but on
political debates from Washington to Ouagadougou. This coming
December, world leaders will meet in Copenhagen for...
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