Reform Proposals for Global Carbon Markets

An April report from the Centre for American Progress acknowledges and describes the shortcomings of carbon markets, but argues that carbon markets have helped to fight climate change while providing  billions of dollars for investment capital to spur economic growth. With much attention to the Clean Development Mechanism, and after a through description of the Chinese experience with CDM, the report makes several recommendations for reforms so that “With the right political commitment and much-needed reforms, global carbon markets have the potential to deliver outsized environmental and economic benefits in the coming years.”  See Carbon Market Crossroads: New Ideas for Harnessing Global Markets to Confront Climate Change is at http://www.americanprogress.org/wp-content/uploads/2013/04/CarbonMarketCrossroads-3.pdf .

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