Tuesday, April 15, 2008

Carbon Traders Say Carbon Trading Must Expand

A stub from PointCarbon:

The Kyoto protocol's clean development mechanism (CDM) must be expanded to ensure developing countries support a future agreement on curbing global greenhouse gas emissions, according to the new head of the International Emissions Trading Association (Ieta).

If you recall, the Carbon Traders had the biggest contingent at the Bali climate talks:

Who is actually attending the Bali climate conference
So, who do you think is the biggest non-governmental organisation (NGO) in Bali? Which NGO do you think has registered the most delegates to attend the climate conference? Is it Greenpeace? Is it the World Wide Fund for Nature? Could it be Friends of the Earth? Or maybe big business lobbyists the International Chamber of Commerce?

A couple of days ago I went through the official delegates list and did the complex mathematics (i.e. counting) to work this out. And to my surprise it’s a big fat nope to all of these guys.

It turns out the biggest NGO delegation in Bali is the lobbying group, the International Emissions Trading Association (IETA). With 336 representatives including lawyers, financiers, emissions traders, consultants, certifiers and emissions trading experts from companies like Shell, the IETA makes up 7.5% of the 4483 Non-Governmental Organisation (NGO) delegates registered to attend the UN climate talks....MORE