Climate Changed
How High Does Carbon Need to Be? Somewhere From $20-$27,000
- Scientists say market forces could help rein in global warming
- World is on track to warm 3 degrees Celsisus, double UN’s goal
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The idea that carbon markets can help rein in greenhouse gas emissions got fresh momentum this week from a panel of scientists convened by the United Nations.
But whether the idea gains more political currency this time depends on the price that policymakers set for emitting Earth-warming carbon dioxide into the atmosphere. The UN panel set out a number of scenarios, suggesting that markets alone won’t solve the problem.