UN Carbon Offset Role to Give Way to New Markets, IETA Head Says
This article is for subscribers only.
National carbon cap-and-trade measures will play a bigger role in climate-change efforts as the importance of offset mechanisms started by the United Nations wanes, the head of an emissions trading lobby said.
The shift from a UN-led global carbon market toward national systems will encourage countries to link markets and trade pollution permits with each other, as Europe and Australia are doing, Dirk Forrister, chief executive officer of the International Emissions Trading Association, said yesterday.