08.12.2014 - IETA: Carbon markets need to matter more in Lima
The first week of the UN climate talks is always fraught with tension. This usually heightens in the second week when ministers arrive amid a scramble to walk away with something agreed. Usually, it is the first time that countries have gathered at the UN for almost six months to discuss climate change, and there is always a sense of boundaries being pushed and a loathing to give up anything too soon. Lima has been no different so far. This is disappointing, given the excitement and announcements from September’s climate summit in New York, agreement on the EU’s 2030 energy and climate targets, November’s announcement from the US and China that the world’s two largest emitters will cooperate on climate change (a peak year on emissions for China, and a 26-28% reduction for the US), and the $9.7 billion in pledges so far to the Green Climate Fund...............................................Full Article: Source
Print