Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Figueres Says Nations Aim to ‘Expand and Improve’ CO2 Market

Countries participating in United Nations-sponsored carbon trading want to expand and improve the market rather than destroy it, according to the executive secretary of the UN Framework Convention on Climate Change.

“There is discussion as to whether we will keep the CDM as is, and how it will operate with other mechanisms,” Christiana Figueres said today in Bonn. “There’s no discussion about killing the market.”

Delegates from almost 200 countries have been meeting in Germany this week to advance negotiations on a global climate treaty to succeed the Kyoto Protocol, whose commitments expire in 2012. Among the issues under negotiation is the future of the Clean Development Mechanism, a system under which emissions-reducing projects in developing countries earn credits which can be sold to developed countries.

“The CDM is a market that stems from a political agreement,” Figueres said. “It’s understandable that when the future of that climate agreement is being discussed, there’s a lull in the market.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.