So this big plan for international Carbon Trading, how long will it take to set up all the national and regional markets ? And how long will it take to get some kind of serious reduction in Carbon Emissions using the market ?
Well, judging by this week’s slalom race on the melting Climate piste, I’d say it will be a good few years yet before a functioning international Carbon market will be viable, and a good few years after that that it will start to deliver any real reductions in emissions.
That could easily take us past 2015, the year that Kevin Anderson of the Tyndall Centre knows we have to peak our emissions or face Climageddon (unless we can produce negative emissions. Yeah. Right.) :-
Presentation Slides : https://www.eci.ox.ac.uk/4degrees/ppt/10-1anderson.pdf
Presentation Audio : https://www.eci.ox.ac.uk/4degrees/audio/10-1anderson.mp3