Sunday, September 19, 2010

The Slow Plod to Cancun - Will Business Lead Government?

Here are the latest carbon soundbytes of the last few weeks:

· Leaders of global energy companies convened at a conference in Montreal to discuss the state of current carbon / climate negotiations. Former chief UN climate negotiator, Yvo de Boer, was a keynote for the event. He encouraged the industry to support a binding global treaty, including market-based mechanisms. Of no surprise, energy companies desire an environment with certainty in order to make long term investment decisions.

· Leaders from 17 major economies will meet this Monday & Tuesday in New York City to discuss climate change and clean energy. The meeting is part of Obama’s The Major Economies Forum, which facilitates dialogue between the most influential developed and developing economies.

· The UN climate negotiator, Christiana Figueres, supports a shift in emphasis to CDM projects promoting renewable energy, energy efficiency and transportation, rather than industrial projects cutting hydrofluorocarbons, which have accounted for half of CDM emission reductions to date.

· Australia’s prime minister, Julia Gillard, was pleased by BHP Biliton’s proposal of a domestic carbon tax. This renewed interest in carbon legislation comes after the former PM fell out of favor as he attempted to pass a cap-and-trade scheme.

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