A NAFTA for carbon trading?
Published at: features.csmonitor.com
-
Himadri BanerjiChairman and Managing DirectorEcoUrja
Can Obama's Cap and Trade Rescue The Amazon and The Andes From Deforestation
March 30, 2009
As per a feature by Eoin O'Carroll in the 16th March edition of Christian Science Monitor, he reports that David Cleary, the director of conservation planning for South America at The Nature Conservancy, has suggested using some carbon market revenues to support initiatives south of the American border. Current international policy, including the Kyoto Protocol, does not recognize the protection of forests as a source for carbon emission reductions. Developing nations cannot receive credits for reducing heat-trapping gases from one of their biggest sources: deforestation. Yet, if the Amazon goes, the climate shifts will hit the United States almost as hard as Brazil, Peru and the other Amazonian countries. Therefore a NAFTA for carbon trading would allow American companies to spend the revenues from carbon trade on deforestation and to include a provision in the U.S. carbon trading system that allows U.S. companies to gain carbon credit for offsets in Latin America?
- Subscribe to Updates
-
Work for one of the world's leading organizations? Get started now.
Get Intelligently Connected
with the world's leading experts
GLG's 850+ Clients Include:
- More than 70% of the world's leading
- mutual funds
- 15 of the leading 20
- global banks
- 9 of the leading 10
- global private equity firms
- 5 of the leading 10
- AmLaw firms
- Fortune 500® Companies
- in nearly every industry sector, including pharmaceuticals, insurance, chemicals, energy and computer software
Gerson Lehrman Group, Inc. connects communities with knowledge through two distinct, yet complementary offerings: GLG Research and G+.